Erica F. Buckley
The New York Attorney General has proposed new regulations to implement 2019 laws that govern the conversion of occupied rental buildings into condos or co-ops. These rules, published on May 13, 2026, clarify procedures such as replacing eviction plans with non-eviction plans, setting a 51% tenant subscription threshold for approval, and expanding protections for senior and disabled tenants. They also tighten rules on assigning purchase agreements, limit sponsor control of boards, and require detailed disclosures and posting. The regulations aim to better protect tenants amid a surge in conversion filings, with public comments open for 60 days.