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)
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Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2522.4 ↗

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(ii) Submetering: Where the conversion is to
submetering of electricity, with the tenant purchasing electricity from the
owner or a contractor retained by the owner, who purchases electricity from a
utility at the bulk rate, such Schedule of Rent Reductions is based on the
median monthly cost of electricity to tenants derived from data from the United
States Census Bureau's " New York City Housing and Vacancy Survey," as
tabulated by the New York City Rent Guidelines Board, 1 Centre Street, Suite
2210, New York, New York, and available on its website at
rentguidelinesboard.cityofnewyork.us, adjusted to reflect the bulk rate for
electricity plus a reasonable service fee for the cost of meter reading and
billing, based on the maximum estimated fee included in the "Residential
Electric Submetering Manual" revised October 2001, published by the New York
State Energy Research and Development Authority, 17 Columbia Circle, Albany,
New York, and available on its website at www.nyserda.org, and reflected in
Operational Bulletin 2014-1 and any successor thereto . The owner or contractor
retained by the owner is not permitted to charge the tenant more than the bulk
rate for electricity plus a reasonable service charge for the cost of meter
reading and billing. The charge for electricity as well as any related service
surcharge is not part of the legal regulated rent and is not subject to this
Code. The resolution of any dispute arising from the billing or collection of
such charge or surcharge is not within the jurisdiction of the DHCR. A
conversion to submetering does not require rewiring the building provided the
owner submits an affidavit sworn to by a licensed electrician that the existing
wiring is safe and of sufficient capacity for the building.