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NYC Administrative Code

§ 26-809 — Right of transfer.

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What is NYC AC § 26-809?

Quick Answer

This section allows tenants, with the written consent of at least sixty percent of occupied units, to transfer certain rights to a qualified entity during the notice period. The owner and the department must receive written notice of the transfer within sixty days of the owner's notice. Applies to tenants in assisted rental housing.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 26-809 Right of transfer.

AC § 26-809

(a)During the notice period provided for in section 26-802 of this chapter, the tenants, by written consent of the tenants residing in at least sixty percent of the occupied dwelling units within the same assisted rental housing, may transfer the rights established by section 26-805 and section 26-806 of this chapter to a qualified entity.

(b)Notice of such transfer shall be provided to the owner and the department in writing within sixty days from receipt of notice from the owner pursuant to section 26-802 of this chapter. Editor's note: For related unconsolidated provisions, see Appendix A at L.L. 2005/079.

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