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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Full Text

1,772 chars 
(c) Security System; and

(d) Intercom; and may include such other
systems as DHCR may determine.

(iii) Each class of major capital improvement
may list more detailed types of capital improvement work. Each class of major
capital improvement described in the Schedule may be inclusive of additional
costs that can be associated with the type of improvements listed within such
class.

(iv) The costs of each type
of major capital improvement work will be listed as per unit, per unit of
measurement or per piece of equipment, as is appropriate given the nature of
the improvement.

(v) The maximum
recoverable costs for each type of major capital improvement specified in the
initial Reasonable Cost Schedule shall be based on a survey of such
construction costs undertaken for such installation.

(a) The maximum recoverable costs listed in
the Reasonable Cost Schedule shall be initially published and made available
for public review and comment in conjunction with the promulgation process
required for adoption of this regulation.

(vi) Periodic Review of Reasonable Cost
Schedule:

Every year after adoption of this regulation, DHCR shall
assess and review the categories of major capital improvements, the classes of
work within categories eligible for major capital improvements and the maximum
recoverable costs listed for the types of major capital improvement costs
identified in the Reasonable Cost Schedule.

(vii) Procedure:

(a) When applying for a temporary major
capital improvement rent increase, owners are required to submit an itemized
list of work performed with a description or explanation of the reason or
purpose of such work.

(1) Costs may be
granted for related expenses that are not specified in the actual schedule, if
they are found to be: