w. Real property tax payments. 1. A manufactured home park owner,
operator or the agent of such owner or operator shall reduce the annual
rent paid by a manufactured home tenant for use of the land upon which
such manufactured home sits in an amount equal to the total of the real
property taxes actually paid by such manufactured home tenant for such
manufactured home plus the amount by which the taxes on such
manufactured home were reduced as a result of the partial real property
tax exemption granted to the manufactured home tenant pursuant to
article four of the real property tax law, provided such manufactured
home tenant:
(a) owns a manufactured home which is separately assessed, subject to
the provisions of paragraph two of this subdivision;
(b) is entitled to and actually receives a partial real property tax
exemption pursuant to article four of the real property tax law; and
(c) pays the real property taxes due on such home.
3. A manufactured home park owner or operator providing a reduction in
rent as required by paragraph one of this subdivision may retain, in
consideration for record keeping expenses, two percent of the amount of
such reduction.
3-a. Any reduction required to be provided pursuant to paragraph one
of this subdivision shall be provided as follows:
(a) a reduction in monthly rent (prorating the reduction in twelve
parts) shall take effect upon the first monthly rental payment due sixty
days after the last date for the payment of real property taxes with no
penalty or interest for lateness and shall be extended to the next
eleven monthly payments thereafter; or