S 7343 NY
Defines lease-hold retirement community and proscribes rules and regulations for ownership and operation thereof
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Summary
Sets up rules and regulations for the operation of lease-hold retirement communities located in a county with a population of more than one million inhabitants that only borders one other county, to provide adequate housing for senior citizens wishing to retire and locate in a lease-hold retirement community; grants owners of homes in lease-hold retirement communities the right to sell their homes by methods common to sales of residential property; requires that owners of lease-hold retirement communities offer owners of homes the option to sign a long-term ninety-nine year lease.
Sponsor (1)
- Dean Murray Republican · primary
Action history (2)
- Apr 10, 2025 REFERRED TO JUDICIARY · upper
- Jan 7, 2026 REFERRED TO JUDICIARY · upper
Text versions (2)
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