Senate Bill S799

2013-2014 Legislative Session

Relates to adjustment of maximum allowable rent

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S799 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-405, 26-511 & 26-504.2, NYC Ad Cd; amd §§5 & 6, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L
Versions Introduced in Other Legislative Sessions:
2009-2010: S5296
2011-2012: S874

2013-S799 (ACTIVE) - Summary

Relates to adjustment to the maximum allowable rent.

2013-S799 (ACTIVE) - Sponsor Memo

2013-S799 (ACTIVE) - Bill Text download pdf

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

                                   799

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sen. SQUADRON -- 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, the
  emergency tenant protection act  of  nineteen  seventy-four,  and  the
  emergency housing rent control law, in relation to adjustment of maxi-
  mum allowable rent

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

  Section 1. Subparagraph (e) of paragraph 1 of subdivision g of section
26-405 of the administrative code of the city of New York, as amended by
section 15 of part B of chapter 97 of the laws of 2011,  is  amended  to
read as follows:
  (e)  The  landlord  and  tenant  by mutual voluntary written agreement
agree to a substantial increase or  decrease  in  dwelling  space  or  a
change  in the services, furniture, furnishings or equipment provided in
the housing accommodations. An adjustment under this subparagraph  shall
be equal to [one-fortieth, in the case of a building with thirty-five or
fewer housing accommodations, or] one-sixtieth[, in the case of a build-
ing with more than thirty-five housing accommodations where such adjust-
ment  takes  effect  on  or  after September twenty-fourth, two thousand
eleven,] of the total cost incurred by the landlord  in  providing  such
modification   or  increase  in  dwelling  space,  services,  furniture,
furnishings or  equipment,  including  the  cost  of  installation,  but
excluding  finance  charges, provided further that an owner who is enti-
tled to a rent increase pursuant to this subparagraph shall not be enti-
tled to a further rent increase based upon the installation  of  similar
equipment,  or  new  furniture  or furnishings within the useful life of
such new equipment, or new furniture or  furnishings.  The  owner  shall

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00251-02-3
              

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