S 7977: Extends protections to tenants of cooperative housing entities by expanding the definition of landlord to include cooperative entities; defines cooperative entities.

  
  STATE OF NEW YORK ________________________________________________________________________ 7977 2025-2026 Regular Sessions  IN SENATE May 15, 2025 ___________ Introduced by Sen. RAMOS -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the real property law, in relation to extending protections to tenants of cooperative housing entities The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property law is amended by adding a new section 2 220-a to read as follows: 3 § 220-a. Definitions. For the purposes of this article, on and after 4 the effective date of this section: 5 1. The term "landlord" shall be expanded to include cooperative enti- 6 ties. 7 2. The term "tenant" shall be expanded to include any shareholder, 8 tenant or subtenant of a cooperative entity. 9 3. The term "cooperative entity" shall mean a corporation, entity, or 10 organization that is operating for the purpose of or is providing hous- 11 ing or residences for its shareholders by leasing or subleasing to such 12 shareholders, under proprietary leases or occupancy agreements, or 13 subleases of such leases or occupancy agreements, of apartments or resi- 14 dences in buildings or premises owned by such corporation, entity, or 15 organization. 16 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11825-01-5