9 NYCRR § 2522.4 — Adjustment of legal regulated rent (Rent Stabilization Code, via Cornell LII)

Citation
9 NYCRR § 2522.4 — Adjustment of legal regulated rent (Rent Stabilization Code, via Cornell LII)
Jurisdiction
New York (state)
Source verification
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Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2522.4 ↗

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1,516 chars 
(d) Use a licensed contractor to complete
such work, where using a licensed contractor is required by an appropriate New
York State or local governmental agency or rule. The costs for an individual
apartment improvement paid to a person or organization contracted to do the
improvement or installation work sharing a common ownership with the owner or
managing agent of the subject building or apartment will be
disallowed.

(e) Resolve, within the
dwelling space, all outstanding hazardous and immediately hazardous violations.
In no event shall an owner be permitted to begin collection of any rent
increase pursuant to this subdivision while there are any hazardous or
immediately hazardous violations of the Uniform Fire Prevention and Building
Code (Uniform Code), New York City Fire Code, or New York City Building and
Housing Maintenance Codes pending against the affected housing
accommodation.

(ii) For
work commenced on or after June 14, 2019, the recoverable costs incurred by the
owner pursuant to this paragraph shall be limited to a total aggregate cost of
fifteen thousand dollars ($15,000) that maybe expended on no more than three
(3) separate individual apartment improvements in any fifteen (15) year
period.

(iii) An owner who is
entitled to a rent increase pursuant to this paragraph 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.