Extends protected tenancy period for certain tenants who are senior citizens and certain tenants with disabilities.

This bill extends the protected tenancy period for eligible senior citizens and disabled tenants from 40 years to their lifetime when a rental building is converted to condominium, cooperative, or other ownership. It applies to tenants aged 62 or older (or surviving spouses 50+ with one year of residency) and those with qualifying disabilities (including veterans with 60% disability) who have lived in the building for at least one year. The law prevents landlords from evicting these tenants or raising rents solely due to conversion, ensuring they can remain in their homes without disruption. This update aligns with longer life expectancies and economic challenges, particularly post-pandemic.