A5031 — Limits the amount of rent increases for residential ground lease cooperative apartment buildings and establishes certain rights upon the expiration of such leases

A5031 — Limits the amount of rent increases for residential ground lease cooperative apartment buildings and establishes certain rights upon the expiration of such leases · Informed CitizenryThe bill amends the real property law by adding a new section (Section 233-C) concerning residential ground lease cooperative apartment buildings. It establishes definitions for terms including "Re…Open in Informed Citizenry