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Senate bill · S450 (2025-26)

Prohibits landlords from including incorrect information re rent decontrol in certain leases and renewals pertaining to units in the Affordable New York…

Official titleShow

Prohibits landlords from including incorrect information re rent decontrol in certain leases and renewals pertaining to units in the Affordable New York Housing Program

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Latest action Jun 10, 2025

Summary

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.

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Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

New York State Senate

Same as A659, the matching bill in the Assembly.

Amends the Real Property Tax Law.

Committee

Codes · New York State Assembly

Also referred to Codes · New York State Senate, Judiciary · New York State Assembly, Judiciary · New York State Senate.

Purpose, from the sponsor's memo

Section 1 of the bill adds a new section 235-i to the Real Property Law establishing that a landlord who willfully includes information he or she knows to be misleading or incorrect in any notice provided pursuant to a particular requirement of the Real Property Tax Law is guilty of a violation punishable by a fine of $1,000. Section 2 of the bill amends section 421-a(2)(f)(ii) to state that the notice required by that subdivision shall not be included in any lease of a rental unit that will remain subject to rent regulation or rent control after the expiration of 421-a tax benefits. Section 3 of the bill is the effective date.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

  • Vote: Floor vote

    NY SenateMay 13, 2025Result: passed

    (35) (22) (0) (5)

  • Vote: Committee vote · Finance

    Senate FinanceMar 4, 2025Result: passed

    (14) (7) (0) (1)

  • Vote: Committee vote · Judiciary

    Senate JudiciaryJan 27, 2025Result: passed

    (13) (6) (0) (0)

Cosponsors

Lea Webb

  • Democratic1
See the full list on nysenate.gov (opens in a new tab)

The sponsor's argument

Why the sponsor says this is needed

Under current law, landlords receiving 421-a tax benefits are required to provide tenants, when commencing or renewing a lease, with a notice informing the tenant that the apartment shall become subject to decon- trol upon the expiration of the tax benefits and providing an approxi- mate date when such expiration will occur. While this requirement, when properly adhered to, helps provide impor- tant notice to rent regulated tenants that they may soon face a rent increase, some landlords reportedly include such notices even in instances where units will not become subject to decontrol upon the expiration of 421-a benefits due to such units being subject to contin- ued rent regulation under a different program or law. Tenants should not be receiving false or misleading information from their landlords about the pending deregulation of their homes, partic- ularly under the guise of an otherwise legally-required notice. This legislation would prohibit landlords subject to the 421-a lease notice requirement from willfully including misleading or incorrect information about the pending deregulation of the apartment in the notice.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

  1. Jun 10, 2025

    Ordered to Third Reading Rules CAL.548

    ORDERED TO THIRD READING RULES CAL.548

    NY Assembly

  2. Jun 10, 2025

    Substituted

    SUBSTITUTED FOR A659

    NY Assembly

  3. May 13, 2025

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  4. May 13, 2025

    Passed a chamber

    PASSED SENATE

    NY Senate

  5. May 13, 2025

    Referred to committee

    REFERRED TO CODES

    NY Assembly

Show full history (5 earlier events)
  1. Mar 10, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  2. Mar 5, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  3. Mar 4, 2025

    1ST Report CAL.467

    1ST REPORT CAL.467

    NY Senate

  4. Jan 27, 2025

    Reported out of committee

    REPORTED AND COMMITTED TO FINANCE

    NY Senate

  5. Jan 8, 2025

    Referred to committee

    REFERRED TO JUDICIARY

    NY Senate

About this record

Summary

The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.

Cosponsors

The list shows the cosponsors who are on Agora, A to Z. The official record may list more.

Party colors

Parties are shown in the same neutral colors.

Source

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

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