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Two years ago, on June 14, 2019, New York lawmakers approved, and Governor Cuomo signed into law, the “Housing Stability and Tenant Protection Act of 2019” (the Act), which contained a series of laws affecting all rentals within the State of New York. The Act was intended to provide safeguards and additional protections to tenants in rental properties. As we had previously predicted, among its many sweeping changes, the Act had an unintended and profound impact on the thousands of cooperative corporations located in New York. Boards of directors and their managing agents were also forced to deal with the uncertainty of many of the Act’s provisions, often erring on the side of inaction. However, on June 10, 2021, New York’s lawmakers approved amendments to the Act, exempting cooperative corporations from some of the most onerous provisions, and clarifying others. Once the new legislation is signed into law by the Governor, it will not only be a huge victory for the thousands of cooperative apartment buildings but also for many potential purchasers who were unable to purchase in those buildings as a result of the Act.
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When Is A Pretext By A Municipality A Bar To Land Use Approvals?
By Steven M. Silverberg
Recently, there have been several instances in which municipalities have been challenged by property owners claiming that the municipal boards have utilized delaying tactics and other actions as a pretext to prevent development of their properties.
By New York Real Estate Law Reporter Staff
Housing Discrimination Claim Dismissed
Co-Op Did Not Breach Shareholder’s Guaranty Agreement
Co-Op Not Exempt from Lead Paint Mandate
By New York Real Estate Law Reporter Staff
Environmental Group Has Standing But Loses On the Merits of Challenge to Subdivision Approval
Applicant Entitled to Permit For Small Wireless Facilities
By New York Real Estate Law Reporter Staff
Occupation of Premises Does Not Establish Assignment By Operation of Law
Amendment to Rent Stabilization Law Is Not Unconstitutional