senate Bill S3171

2013-2014 Legislative Session

Reduces the amount of maximum rent increase collectible in one year

download bill text pdf

Sponsored By

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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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to housing, construction and community development
Jan 31, 2013 referred to housing, construction and community development

S3171 - Details

Current Committee:
Law Section:
New York City Administrative Code
Laws Affected:
Amd ยง26-405, NYC Ad Cd
Versions Introduced in Previous Legislative Sessions:
2011-2012: S903
2009-2010: S6138

S3171 - Summary

Reduces the amount of maximum rent increase collectible in one year.

S3171 - Sponsor Memo

S3171 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 31, 2013

Introduced  by  Sen. KRUEGER -- 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, in
  relation to reducing the amount of maximum rent  increase  collectible
  in one year


  Section 1. Paragraph 5 of subdivision  a  of  section  26-405  of  the
administrative  code  of  the  city  of  New  York is amended to read as
  (5) Where a maximum rent established pursuant to this  chapter  on  or
after  January  first,  nineteen hundred seventy-two, is higher than the
previously existing maximum rent, the landlord may not collect more than
[seven and one-half percentum] THREE PERCENT increase from a  tenant  in
occupancy  on  such  date in any one year period, provided however, that
where the period for which the rent is  established  exceeds  one  year,
regardless  of  how the collection thereof is averaged over such period,
the rent the landlord shall be entitled  to  receive  during  the  first
twelve  months  shall  not be increased by more than [seven and one-half
percentum] THREE PERCENT over the previous rent  and  additional  annual
rents  shall  not exceed [seven and one-half percentum] THREE PERCENT of
the rent paid during the previous year. Notwithstanding any of the fore-
going  limitations  in  this  paragraph  five,  maximum  rent  shall  be
increased  if  ordered by the agency pursuant to subparagraphs (d), (e),
(f), (g), (h), (i), (k), (l), (m) or (n) of paragraph one of subdivision
g of this section. Commencing January first,  nineteen  hundred  eighty,
rent adjustments pursuant to subparagraph (n) of paragraph one of subdi-
vision  g  of  this section shall be excluded from the maximum rent when
computing the [seven and  one-half  percentum]  THREE  PERCENT  increase
authorized  by  this  paragraph  five.  Where a housing accommodation is

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


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