Authorizes the town of Clarkstown to establish community preservation funds and to impose a real estate transfer tax with revenues therefrom to be deposited in the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.
Extends the effectiveness of the authority of the town of Red Hook to impose real estate transfer taxes and to deposit revenue from such taxes into a community preservation fund.
This bill prohibits insurance companies from denying coverage, raising premiums, canceling policies, or limiting coverage based solely on a policyholder owning or harboring a specific dog breed or mix. It directly affects homeowners and renters insurance policyholders who might previously have faced discrimination due to their dog's breed. The law amends insurance regulations to ban these restrictions, ensuring coverage decisions cannot be influenced by breed alone. It applies to all policies issued, renewed, or modified after the effective date.
This bill (S 947) prohibits residential landlords from charging tenants fees for using electronic rent payment methods like online portals or automated clearing house (ACH) systems. It requires landlords to offer at least one fee-free payment option (such as cash or check) and bans them from requiring electronic payment as the sole method. Landlords also cannot charge fees for tenants who choose not to use electronic systems. The law applies directly to tenants and landlords in New York residential leases and takes effect immediately.
This bill requires sellers to provide lead-based paint test reports to buyers before selling residential properties built before 1978. It directly affects home sellers, buyers, and real estate agents in New York for properties constructed prior to 1978, which are most likely to contain lead paint. The key mechanism mandates a one-time inspection and disclosure of test results before title transfer, with reports added to a state registry for future buyers. This complements existing laws by standardizing disclosure across all residential sales, not just rentals, ensuring buyers receive clear information about potential lead hazards. The law does not replace buyer due diligence or existing seller responsibilities.
Authorizes the town of Copake to establish community preservation funds and to impose a real estate transfer tax with revenues to be deposited into the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
This bill would prevent mortgage lenders from penalizing borrowers who don't set high enough rental rates on properties covered by their mortgages. It voids any mortgage clause requiring minimum rents or punishing low rents, applying to all mortgages regardless of when they were created, renewed, or modified. The law directly affects property owners with mortgages who might face fees or default penalties for not meeting arbitrary rent minimums. This policy change ensures lenders cannot enforce such clauses as against public policy.
Prohibits residential landlords from charging tenants a fee for a dishonored rent check in excess of the actual costs or fees incurred by such landlord as a result thereof, provided such dishonored check fee was included in the initial lease.
Requires that the entire amount of a rental deposit or advance be refundable to the tenant upon the tenant's vacating of the premises except for an amount lawfully retained for non-payment of rent or utilities, damage caused by the tenant, or storage costs; requires landlord to provide an itemized statement of damages and to return the balance of the deposit within 14 days; requires that tenant be given the opportunity to inspect the rental premises prior to signing a lease; allows a grantee or assignee of the leased premises to demand that an escrow account be opened.
