East Rockaway, N.Y., Code of Ordinances ch. 112 (eCode360 ed. 2026) § 112-3
When plans declared effective
Operative Text
A plan may not be declared effective until at least 15% of all dwelling units in the building or group of buildings or development shall have been sold under the plan pursuant to an offering made in good faith, without fraud, and with no discriminatory repurchase agreement or other discriminatory inducement.
Under East Rockaway Code ch. 112 § 112-3, a conversion or offering plan for a residential building or development cannot be declared legally effective until a minimum threshold of sales has been reached. Specifically, at least 15% of all dwelling units must have been sold under the plan before it takes effect. Those sales must have occurred through a genuine, good-faith offering — meaning no fraud, no discriminatory repurchase agreements, and no other discriminatory inducements were involved in securing them.
Plain English — not legal advice.
Operators and sponsors managing a conversion plan subject to East Rockaway Code ch. 112 § 112-3 generally ensure that sales activity is carefully tracked so the 15% threshold can be documented before any declaration of effectiveness is made. Compliant sponsors structure their offerings to be genuinely arms-length transactions, free of fraudulent representations and any terms that could constitute discriminatory repurchase agreements or inducements. Maintaining clear records of each unit sale and the conditions under which it was made supports the ability to demonstrate that the threshold was met lawfully.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
East Rockaway Code ch. 112 § 112-3 provides tenants in buildings undergoing conversion with a meaningful protection: a plan cannot be declared effective — and thus binding — until at least 15% of units have been sold through a legitimate, non-discriminatory process. If a plan is declared effective before that threshold is reached, or if sales were secured through fraud or discriminatory terms, tenants may have grounds to challenge the plan's effectiveness. Tenants who believe these requirements have not been met can consult a tenant-rights organization or seek independent legal guidance to understand available options.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 9, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
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