Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities.
Provides that in cities with a population of one million or more, the rent following the dissolution date of Mitchell-Lama developments shall be the last rent authorized for the affected dwelling.
S 6473 amends New York's real property tax law to allow senior citizens and people with disabilities living in rent-controlled or rent-regulated housing to use certain pension and benefit income for tax abatement calculations. The bill changes how income is calculated by permitting deductions for income taxes and social security taxes, and including retirement benefits, Social Security, and public assistance while excluding gifts, inheritances, and certain benefit increases. To qualify, tenants must have a pre-July 1, 2024, rent increase exemption order, and the new income calculation must result in a lower tax amount than the previous method. This directly affects eligible residents in regulated housing by potentially reducing their property tax burden based on revised income rules.
Implements automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens; provides for a check box for a taxpayer to opt-out of data sharing and automatic enrollment on their tax return.
Requires manufactured home park owners to provide a written justification for rent increases in excess of three percent of the current rent; provides that increases in costs to justify such rent increase for ordinary maintenance or repair to meet the warranty of habitability obligations must be shown to be necessary.
Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.
Prohibits the collection of rent arrearages accruing prior to the date of approval of an application for an adjustment in the legal regulated rent based upon a major capital improvement.
This bill, A 5396 (Right to Timely Rental Applications Act), requires landlords to notify rental applicants of their decision within seven days of receiving a completed application or deposit. If landlords fail to respond within this timeframe, the application is automatically deemed rejected, and the rejection applies to all co-applicants. Landlords must also refund any application fees within 14 days of rejection. The law applies to all residential rental applications and takes effect 90 days after enactment.
This bill modifies New York's Multiple Dwelling Law and Real Property Laws to address rent impairing violations (unfixed building conditions like unsafe plumbing or heating). If a building has such a violation that remains uncorrected for three months after the owner receives notice, owners cannot collect rent for affected units. Tenants can use this violation as a defense in eviction or rent collection cases by depositing the disputed rent amount with the court and proving the violation existed. The law also requires the department to notify tenants of violations and explains their right to raise this defense in court.
This bill changes the deadline for landlords to return security deposits after a tenant moves out. It extends the current 14-day timeline to 30 days, requiring landlords to provide an itemized statement and return any remaining deposit within that period. Landlords who fail to meet the 30-day deadline forfeit their right to keep any portion of the deposit. The bill directly affects residential landlords and tenants in New York, with no other changes to existing security deposit rules.
