What's happening
This bill allows property owners sharing a common driveway in New York City to form co-op boards to manage and maintain shared property.
Why it matters
Empowers local property owners. to collectively manage and make decisions about shared driveways or access ways, which could reduce individual disputes and streamline maintenance responsibilities.
Allows for formal collection of fees. specifically for upkeep, safety, and security of shared property, making it easier to fund necessary repairs and improvements that benefit all users.
Introduces a legal structure. (co-op board) where none previously existed for these situations, potentially increasing property values and neighbor cooperation by ensuring shared spaces are properly maintained and regulated.
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Who cares
Headline styles
Allow Shared Property 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
79
2019-2020 Regular Sessions
IN ASSEMBLY (Prefiled)
January 9, 2019
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.
LBD02574-01-9
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.