N.Y. Em. Dom. Proc. Law § 305 Use and Occupancy

• Library: New York Statutes
• Edition: 2023
• Currency: Current through 2023 NY Law Chapter 777
• Year: 2023
• Citation: N.Y. Em. Dom. Proc. Law § 305

(A) A condemnee, tenant or other person holding, using or occupying property acquired pursuant to this chapter, shall be liable to the condemnor for the fair and reasonable value of such holding, use or occupancy from the date of acquisition to the date the property is vacated and possession surrendered to the condemnor. Provided, however, that in the event the property at the time of acquisition is occupied by the former owner for residential purposes, the liability of such former owner for the fair and reasonable value of such residential holding shall not commence until ninety days after the date of acquisition or until the date on which the property ceases to be occupied by the former owner for residential purposes, whichever occurs first.

(B) The amount of the fair and reasonable value for such temporary use and occupancy established by the condemnor shall be paid to the condemnor at reasonable intervals; any amount due and payable may be retained by the condemnor from any unpaid damage or consideration to be paid by it to such condemnee, tenant or other person for the property or interest therein acquired from him. Either party may bring an action and make application to a court of competent jurisdiction to establish the fair and reasonable amount of money due for such holding, use or occupancy of the property, in the event the value established by the condemnor is unacceptable. The condemnor may enforce any judgment ensuing from such actions according to the applicable provisions of law.