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We are pleased to inform you that founding members Geoffrey Mazel, Esq. and Mark Hankin, Esq. have authored a Memorandum supporting the pending “Coop Permanent Carve Out Bill” before the NYS Legislature. They drafted this Memorandum as co-chairs of the Queens Bar Association Cooperative and Condominium Law Committee. This Memorandum is being circulated to members of the Assembly and State Senate to educate them on the importance of this legislation. (S7415/A1701).
This bill is extremely important as it aims to ensure that cooperative housing is treated as distinct from traditional landlord-tenant relationships in future housing legislation. As you are aware, it seeks to prevent cooperatives from being unintentionally included in laws designed for rental housing, such as the Tenant Protection Act of 2019 and the Good Cause Eviction Bill, unless explicitly stated by the legislature. The memorandum highlights the unique nature of cooperatives, their self-governance model, and the need for legislative clarity to avoid regulatory confusion and burdensome advocacy efforts.
LINK TO MEMORANDUM
We are proud that our firm is providing guidance and leadership on this extremely important issue in the Cooperative community. We will be following this bill and let you know how it progresses.
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