On December 22, 2021, Governor Hochul signed into law (Real Property (RPP) CHAPTER 50, ARTICLE 7) an amendment which exempts coopera-tives from many of the onerous provisions of the Housing Stability and Ten-ant Protection Act (HSTPA) of 2019. Under the HSTPA, late fees imposed by landlords, including co-ops, were limited to $50 or 5% of the monthly rent, whichever was lower. Read the entire article (PDF)……………………………….
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Dear Tony: Thank you for your column last week regarding levy refunds. Our strata council…