What's happening
This bill allows property owners who share a common driveway or access way to form co-op boards for shared maintenance and costs.
Why it matters
Empowers local homeowners. By allowing the formation of co-op boards for shared driveways or access ways, property owners gain a structured way to collectively manage and resolve issues related to these spaces, which can reduce neighbor disputes and improve property relations.
Facilitates maintenance and safety investments. The new boards can impose fees and enter into contracts for repairs, maintenance, and safety improvements, making it easier to fund and coordinate upkeep that individual owners might otherwise neglect.
Creates legal clarity and shared responsibility. Formalizing a process for shared property management helps clarify financial and maintenance obligations, protecting all parties from disputes or liabilities that might arise when shared spaces fall into disrepair.
Potential to enhance property values. Well-maintained and managed shared access ways and driveways can improve curb appeal and may positively impact property values for all owners involved.
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Who cares
Headline styles
Allow Community Co-op Boards
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to housing
- Referred to housing
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
548
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. PERRY -- read once and referred to the Committee on Housing
AN ACT to amend the administrative code of the city of New York, in relation to authorizing the formation of community shared property co-op boards
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The administrative code of the city of New York is amended by adding a new section 26-709 to read as follows:
§ 26-709 Community shared property co-op boards. Notwithstanding any provision of law to the contrary, the majority of property owners in a community that has three or more properties that share a common driveway or access way, shall have the option to form a new co-op board, to be known as a community shared property co-op board, for the sole purpose of establishing rules, entering into contracts for the repair or maintenance of such common shared property and imposing fees, inclusive of safety and security costs, for the repair and/or maintenance of such common shared property.
§ 2. This act shall take effect on the one hundred twentieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06435-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.