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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(iii) Recipients of Senior Citizen Rent
Increase Exemptions (SCRIE) or Disability Rent Increase Exemptions (DRIE): For
a tenant who on the date of the conversion is receiving a SCRIE or DRIE
authorized by section 26-509 of the Rent Stabilization Law of Nineteen Hundred
Sixty-nine, the rent is not reduced and the cost of electricity remains
included in the rent, although the owner is permitted to install any equipment
in such tenant's housing accommodation as is required for effectuation of
electrical conversion pursuant to this paragraph.

(a) After the conversion, upon the vacancy of
the tenant, the owner, without making application to DHCR, is required to
reduce the legal regulated rent for the housing accommodation in accordance
with the Schedule of Rent Reductions set forth in Operational Bulletin 2014-1
and any successor thereto,and thereafter any subsequent tenant is responsible
for the cost of his or her consumption of electricity, and for the legal rent
as reduced, including any applicable major capital improvement rent increase
based upon the cost of work done to effectuate the electrical
conversion.