assembly Bill A9324

2015-2016 Legislative Session

Relates to the adjustment of maximum allowable rent and requiring the division of housing and community renewal to confirm improvements have been made prior to the approval of rent increases

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Archive: Last Bill Status - In Assembly 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
Feb 18, 2016 referred to housing

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A9324 (ACTIVE) - Details

Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-405 & 26-511, NYC Ad Cd; amd §6, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L
Versions Introduced in Other Legislative Sessions:
2017-2018: A1067
2019-2020: A1959

A9324 (ACTIVE) - Summary

Relates to the adjustment of maximum allowable rent and requires the division of housing and community renewal to confirm improvements have been made prior to the approval of rent increases.

A9324 (ACTIVE) - Bill Text download pdf

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

                                  9324

                          I N  A S S E M B L Y

                            February 18, 2016
                               ___________

Introduced  by  M.  of  A.  RICHARDSON  -- read once and referred to the
  Committee on Housing

AN ACT to amend the administrative code of the city  of  New  York,  the
  emergency tenant protection act of nineteen seventy-four and the emer-
  gency housing rent control law, in relation to the adjustment of maxi-
  mum allowable rent and requiring the division of housing and community
  renewal  to  confirm improvements have been made prior to the approval
  of rent increases

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

  Section  1.  Subparagraphs (e) and (g) of paragraph 1 of subdivision g
of section 26-405 of the administrative code of the city  of  New  York,
subparagraph (e) as amended by section 15 of part B of chapter 97 of the
laws  of 2011 and subparagraph (g) as amended by section 31 of part A of
chapter 20 of the laws of 2015, are amended and a  new  paragraph  8  is
added 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 building
with more than thirty-five housing accommodations where such  adjustment
takes  effect  on or after September twenty-fourth, two thousand eleven,
of the total cost incurred by the landlord in providing  such  modifica-
tion  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 entitled to a rent
increase pursuant to this  subparagraph  shall  not  be  entitled  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. AN OWNER ENTITLED TO A RENT
INCREASE PURSUANT TO THIS SUBPARAGRAPH SHALL ONLY BE  ENTITLED  TO  SUCH
INCREASE FOR A PERIOD OF FIVE YEARS FROM THE DATE OF THE ADJUSTMENT. The

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

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