senate Bill S3741

2015-2016 Legislative Session

Limits the rent increase after vacancy of a housing accommodation and relates to the adjustment of maximum allowable rent

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Sponsored By

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


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2016 referred to housing, construction and community development
Feb 17, 2015 referred to housing, construction and community development

Co-Sponsors

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S3741 (ACTIVE) - Details

See Assembly Version of this Bill:
A5502
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-511 & 26-405, NYC Ad Cd; amd §§10 & 6, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L
Versions Introduced in Other Legislative Sessions:
2017-2018: A2593
2019-2020: A298

S3741 (ACTIVE) - Summary

Limits the rent increase after vacancy of a housing accommodation by eliminating the twenty percent increase for vacant rent stabilized apartments; requires landlords to include an itemized cost accounting of all improvements claimed as part of such increase and copies of the corresponding receipts with the lease agreement to the new tenant; caps the increase in rent allowable to owners for individual apartment improvements to twenty percent of the current rent.

S3741 (ACTIVE) - Sponsor Memo

S3741 (ACTIVE) - Bill Text download pdf

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

                                  3741

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 17, 2015
                               ___________

Introduced by Sen. ESPAILLAT -- 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;
  and  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 adjustment  of  maximum
  allowable rent

  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 amended by section 7 of
part B of chapter 97 of the laws of 2011, 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 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 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 addi-
tion, if] 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09027-02-5

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