NYS Assembly Bill A2619A Ground Lease Reform
Sector: Residential • Location: Albany, New York, United States
Source: CooperatorNews
Assembly Bill A2619A is a legislative bill introduced in New York State aimed at reforming ground lease arrangements for residential cooperatives. The bill provides protections for co-op shareholders in buildings on leased land, including rights of first refusal to purchase the land, protections against unreasonable rent increases, and the ability to take loans for capital improvements despite lea
- Status
- Prospective
- Sector
- Residential
- Location
- Albany, New York, United States of America
- Updated
- 22 Jul 2026
- Source
- CooperatorNews
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Project Information
Participants
| Not available for this record. |
Status
Original status | proposed |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Assembly Bill A2619A is a legislative bill introduced in New York State aimed at reforming ground lease arrangements for residential cooperatives. The bill provides protections for co-op shareholders in buildings on leased land, including rights of first refusal to purchase the land, protections against unreasonable rent increases, and the ability to take loans for capital improvements despite lease restrictions. |
Original sector | Built Sector |
Location
Country | United States of America (USA) |
State | New York |
City | Albany |
Source
Source | CooperatorNews |
URL |
More Details
Record type | Project |
Sector | Residential |
Article published date | 2026-07-11 |
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