Seasonal Rentals Now Exempt from Certain Provisions of the Housing Stability & Tenant Protection Act

From: Long Island Board of Realtors, Inc. Sent: Wednesday, October 6, 2021 Subject: LIBOR News Update - October 6

(HSTPA), creating an exemption for a “seasonal use dwelling unit” (SUDU). The exemption permits a registered SUDU to collect more than one month’s rent as security deposit and advances on rent. NYSAR advocated for these changes to the rent reform package passed by lawmakers in 2019. The text of the new law can be found here.

Source: https://www.nyassemblygov/