Senate Bill S3107

2017-2018 Legislative Session

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

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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2017-S3107 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
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 Other Legislative Sessions:
2009-2010: S6084
2011-2012: S2341
2013-2014: S1024
2015-2016: S1178
2019-2020: S3572

2017-S3107 (ACTIVE) - Summary

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

2017-S3107 (ACTIVE) - Sponsor Memo

2017-S3107 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3107
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 19, 2017
                                ___________
 
 Introduced  by Sens. SERRANO, AVELLA, HAMILTON, HOYLMAN, KRUEGER, PERAL-
   TA, SAVINO -- 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 amended by section  16-a
 of  part  A  of  chapter  20  of the laws of 2015, 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.  However,  where  the  amount charged and paid by the prior tenant
 pursuant to paragraph fourteen of this subdivision, was  less  than  the
 legal  regulated  rent,  such increase to the legal regulated rent shall
 not exceed: five percent of the previous legal  regulated  rent  if  the
 last vacancy lease commenced less than two years ago; ten percent of the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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