Amendments to the Loft Law went into effect on June 25, 2019. Therefore, the Loft Board is now accepting new building registration and coverage applications. You can obtain copies of the registration or coverage applications in person at the Loft Board's offices or you may download the forms from our website.
A Loft Law Notice identifies the building as an Interim Multiple Dwelling (IMD) protected under the Loft Law (Article 7-C of the New York State Multiple Dwelling Law).
Loft Board rules require a Loft Law Notice be posted in the lobby of the building at all times. Failure to post a Loft Law Notice may result in a fine.
You are required by Title 29 of the Rules of the City of New York (29 RCNY) § 2-10(b) to file proof of a sale of rights in a unit within 30 days of the sale. Proof of a sale consists of both a Loft Board approved Sales Record form and a sales agreement. The Loft Board's form must be signed by the owner or the owner's authorized representative, the occupant and the occupant's authorized representative, if any.
Failure to timely file a proof of sale of rights may result in a civil penalty of $4,000. See, 29 RCNY § 2-11.1 2.
In addition, after Loft Board Certification of the Narrative Statement and prior to issuance of a final Certificate of Occupancy, you are required by 29 RCNY § 2-01.1(a)(ii)(A) to file a monthly report with the Loft Board relating to the legalization projects in the building. The report must be filed on the approved Loft Board form and signed by the owner and a registered architect or professional engineer.
Failure to timely a monthly report may result in a civil penalty of up to $1,000 per missing report. See, 29 RCNY § 2-11.1