senate Bill S2341

2011-2012 Legislative Session

Limits the amount of rent increase after the vacancy of a housing accommodation

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to housing, construction and community development
Jan 19, 2011 referred to housing, construction and community development

Co-Sponsors

S2341 - Details

Current Committee:
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-511, NYC Ad Cd; amd §10, Emerg Ten Prot Act of 1974
Versions Introduced in 2009-2010 Legislative Session:
S6084

S2341 - Summary

Limits the amount of rent increase after the vacancy of a housing accommodation.

S2341 - Sponsor Memo

S2341 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2341

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 19, 2011
                               ___________

Introduced  by Sens. SERRANO, PERALTA -- read twice and ordered printed,
  and when  printed  to  be  committed  to  the  Committee  on  Housing,
  Construction and Community Development

AN  ACT to amend the administrative code of the city of New York and the
  emergency tenant protection act of nineteen seventy-four, in  relation
  to limiting rent increase after vacancy of a housing accommodation

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 5-a of subdivision c of  section  26-511  of  the
administrative  code of the city of New York, as added by chapter 116 of
the laws of 1997, is amended to read as follows:
  (5-a) provides that, notwithstanding any provision  of  this  chapter,
the  legal  regulated  rent for any vacancy lease entered into after the
effective date of this paragraph shall be  as  hereinafter  provided  in
this  paragraph.  The  previous  legal  regulated  rent for such housing
accommodation shall be increased by the following: (i)  if  the  vacancy
lease  is  for a term of two years, [twenty] TEN percent of the previous
legal regulated rent; or (ii) if the vacancy lease is for a term of  one
year  the  increase  shall be [twenty] TEN percent of the previous legal
regulated rent less an amount equal to the difference  between  (a)  the
two  year renewal lease guideline promulgated by the guidelines board of
the city of New York applied to the previous legal  regulated  rent  and
(b)  the  one year renewal lease guideline promulgated by the guidelines
board of the city of New York applied to the  previous  legal  regulated
rent.  In  addition,  if the legal regulated rent was not increased with
respect to such housing accommodation by a permanent  vacancy  allowance
within  eight  years  prior  to a vacancy lease executed on or after the
effective date of this  paragraph,  the  legal  regulated  rent  may  be
further  increased  by  an  amount  equal  to the product resulting from
multiplying such previous legal regulated  rent  by  six-tenths  of  one
percent  and  further  multiplying the amount of rent increase resulting

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00241-01-1

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