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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(iv)
Any increases to the legal regulated rent pursuant to this paragraph shall be
temporary and shall be removed from the legal regulated rent thirty (30) years
from the date the increase became effective inclusive of any increases granted
by the applicable Rent Guidelines Board that had been calculated based upon
such rent increase.

(v) For
individual apartment improvements pursuant to this subdivision, the DHCR shall
maintain an itemized list of work performed and a description or explanation of
the reason or purpose of such work, inclusive of photographic evidence
documenting the condition prior to and after the completion of the performed
work. Such documentation and any other supporting documentation shall be
submitted to the DHCR by the owner within 90 days of the completion of the
work, retained in a centralized electronic retention system and made available
in cases pertaining to the adjustment of legal regulated rents.

(vi) Where an owner seeks a temporary
individual apartment improvement rent increase pursuant to this subdivision
while the unit is occupied, the DHCR shall provide a form for use by the owner,
to obtain written informed consent from the tenant that shall include the
estimated total cost of the improvement and the estimated monthly rent
increase. Such form shall be completed and submitted to the DHCR by the owner
within 90 days of the completion of the work and preserved in a centralized
electronic retention system. Nothing herein shall relieve an owner, lessor, or
agent thereof of his or her duty to retain proper documentation of all
improvements performed or any rent increases resulting from said
improvements.