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On Tuesday May 4, 2021, Governor Cuomo signed an extension of the “COVID-19 Emergency Protect Our Small Businesses Act of 2021” (collectively, the “Act”) prohibiting residential and commercial evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic until August 31, 2021.
Commercial Evictions
The Act places a moratorium on evictions until August 31, 2021 for commercial tenants that have endured COVID-related hardship. The legislation applies to small businesses with under 50 employees that demonstrate a financial hardship. Tenants must submit a hardship declaration to their landlord or a document explaining the source of the hardship, to prevent an eviction proceeding.
NYS eviction, foreclosure moratorium extended until August 31 weny.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weny.com Daily Mail and Mail on Sunday newspapers.
Written by Office of the Governor.
Legislation (S.6362-A/A.7175-A) Extends the Moratorium on COVID-related Residential and Commercial Evictions and Foreclosure Proceedings for Those Filing a Hardship Declaration Until August 31, 2021
Adds to New York State s Efforts to Protect Tenants and Homeowners Undergoing Economic Hardship Due to COVID-19
Governor Andrew M. Cuomo today signed an extension of the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 and the COVID-19 Emergency Protect Our Small Businesses Act. The legislation (S.6362-A/A.7175-A) extends protections prohibiting residential and commercial evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic until August 31, 2021. The legislation adds to New York State s efforts to protect tenants and homeowners from the economic hardship incurred as a result of the COVID-19 pandemic at a critical time in the pandemic s trajectory as the S
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