New York 2025-2026 Regular Session

New York Senate Bill S00450

Introduced
1/8/25  
Refer
1/8/25  
Report Pass
1/27/25  
Engrossed
5/13/25  

Caption

Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.

Summary

Bill S00450 aims to amend the real property tax law in New York by prohibiting landlords from including incorrect information regarding rent decontrol in leases and lease renewals. It mandates that landlords provide standardized notices to tenants concerning the implications of the Affordable New York Housing Program on their rent stabilization status. The bill establishes penalties for landlords who willfully misrepresent information, imposing a fine of $1,000 for violations. The standardized notice must be clear and informative, detailing the rights of tenants in rent-stabilized apartments and the conditions under which their rent may be increased.

Impact

If enacted, this bill will enhance tenant protections by ensuring that landlords are held accountable for the accuracy of information provided in leases and notices. It will standardize communication regarding rent stabilization, making it easier for tenants to understand their rights and the status of their units. This change will likely affect landlords' practices and may lead to increased compliance with the law, thereby reducing instances of misinformation and potential disputes between landlords and tenants.

Sentiment

The sentiment surrounding Bill S00450 appears to be mixed. While it has garnered support from tenant advocacy groups who view it as a necessary measure to protect renters, some landlords and real estate associations have expressed concerns about the potential for increased regulatory burdens and the financial implications of the fines imposed for violations. The voting history reflects this division, with the bill passing through committees and the Senate floor with a notable number of dissenting votes.

Contention

Notable points of contention include the implications of the standardized notice requirements on landlords, who argue that the additional regulations may complicate lease agreements and increase operational costs. Tenant advocates counter that the bill is essential for ensuring transparency and protecting tenants from misleading information. The debate highlights the ongoing tension between landlord interests and tenant protections in New York's housing market.

Companion Bills

NY A00659

Same As Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.

Previously Filed As

NY S09650

Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.

NY A00245

Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.

NY S01610

Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.

NY A00659

Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.

NY S07560

Requires landlords of certain properties to furnish New York homes and community renewal with data pertaining to succession rights.

NY A01563

Requires landlords of certain housing accommodations to include with all new and renewal leases, on any rent bills, including any electronic communication the informational material describing eligibility for and the benefits of the senior rent increase exemption program and the disability rent increase exemption program.

NY S03742

Requires landlords of certain housing accommodations to include with all new and renewal leases, on any rent bills, including any electronic communication the informational material describing eligibility for and the benefits of the senior rent increase exemption program and the disability rent increase exemption program.

NY A06236

Requires landlords of certain properties to furnish New York homes and community renewal with data pertaining to succession rights.

NY A08404

Requires that any penalties for violations of housing standards or building and fire codes be assessed and imposed within fourteen days; increases certain fine amounts for violations of housing standards.

NY S2970

Requires residential landlord to accept rent payment by certain means; increases penalty for violating certain rent acceptance requirements.

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