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

1,141 chars 
(i) Annual gross rental income
collectible shall consist of the actual income receivable per annum a rising
out of the operation and ownership of the property, including but not limited
to rental from housing accommodations, stores, professional or business use,
garages, parking spaces, and income from easements or air rights, washing
machines, vending machines and signs, plus the rent calculated under
subparagraph (2)(vi) of this subdivision. In ascertaining income receivable,
the DHCR shall determine what efforts, if any, the owner has followed in
collecting unpaid rent.

(ii)
Operating expenses shall consist of the actual, reasonable costs of fuel,
labor, utilities, taxes (other than income or corporate franchise taxes), fees
(not including attorney's fees related to refinancing of the mortgage),
permits, necessary contracted services and noncapital repairs for which an
owner is not eligible for an increase pursuant to this Part, insurance, parts
and supplies, reasonable management fees, mortgage interest, and other
reasonable and necessary administrative costs applicable to the operation and
maintenance of the property.