Assembly Bill A7108

2021-2022 Legislative Session

Relates to placing limitations on initial regulated rents

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2021-A7108 (ACTIVE) - Details

See Senate Version of this Bill:
S2011
Current Committee:
Assembly Housing
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §6, Emerg Ten Prot Act of 1974; amd §26-512, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2019-2020: S8432
2023-2024: A7294, S4969

2021-A7108 (ACTIVE) - Summary

Places limitations on initial regulated rents to not exceed the average rent for a comparable rent regulated housing accommodation.

2021-A7108 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7108
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 22, 2021
                                ___________
 
 Introduced  by  M. of A. GONZALEZ-ROJAS -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend chapter 576 of the laws of 1974, constituting the  emer-
   gency  tenant protection act of nineteen seventy-four and the adminis-
   trative code of the city of New York, in relation to  placing  limita-
   tions on initial regulated rents

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision b of section 6 of section 4 of chapter  576  of
 the  laws  of  1974, constituting the emergency tenant protection act of
 nineteen seventy-four, is amended to read as follows:
   b. The initial legal regulated rents for housing accommodations  in  a
 city  having  a population of less than one million or a town or village
 as to which a declaration of emergency has been made  pursuant  to  this
 act shall be:
   (1)  For  housing accommodations subject to the emergency housing rent
 control law which become vacant on or after the local effective date  of
 this act, the rent agreed to by the landlord and the tenant and reserved
 in  a  lease  or  provided for in a rental agreement; provided that such
 initial legal regulated rent SHALL NOT EXCEED THE  AVERAGE  RENT  FOR  A
 COMPARABLE  RENT  REGULATED  HOUSING ACCOMMODATION, AS DETERMINED BY THE
 RENT GUIDELINES BOARD WITH JURISDICTION OVER SUCH HOUSING ACCOMMODATION,
 AND may be adjusted on application of the owner or  tenant  pursuant  to
 subdivision  a of section nine of this act; and provided further that no
 increase of such initial regulated rent pursuant  to  annual  guidelines
 adopted  by  the  rent guidelines board shall become effective until the
 expiration of the first lease or rental agreement  taking  effect  after
 the  local  effective  date,  but  in  no event before one year from the
 commencement of such rental agreement.
   (2) For all other housing accommodations, the  rent  reserved  in  the
 last effective lease or other rental agreement; provided that an initial

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

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