S 3650

New York Senate bill in Session 2025-2026.

Status: failed. Latest action: April 15, 2025.

Defines lease-hold retirement community and proscribes rules and regulations for ownership and operation thereof.

Bill ID NY-2025-2026-S-3650
Session 2025-2026
Status failed
Committee Judiciary
Senate failed 2025-04-15
Housing
Summary

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.

Sponsor
Dean Murray
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-29 Introduced Bill introduced
2025-04-15 Status failed
2025-04-15 Latest Action Stricken
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