A04955 - Sets up rules and regulations for the operation of lease-hold retirement communities 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.
New York - 2023-2024 General Assembly
Introduced byFred W. Thiele, Linda B. Rosenthal, Carrie Woerner
Last updated over 1 year ago
3 Co-Sponsors
STATUS
Engrossed
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