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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(b) After the
conversion, if a tenant ceases to receive a SCRIE or DRIE, the owner, without
making application to DHCR, may reduce the rent in accordance with the Schedule
of Rent Reductions set forth in Operational Bulletin 2014-1 and any successor
thereto, and thereafter the 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, for as long as the tenant is not
receiving a SCRIE or DRIE. Thereafter, in the event that the tenant resumes
receiving a SCRIE or DRIE, the owner, without making application to DHCR, is
required to eliminate the rent reduction and resume responsibility for the
tenant's electric bills.

(iv) Periodically, upon the publication of a
new New York City Housing and Vacancy Survey, and tabulation of the survey data
by the New York City Rent Guidelines Board, DHCR may issue a new Operational
Bulletin governing electrical conversions setting forth rent reductions based
on the new survey data, and may incorporate by reference the new Operational
Bulletin, the new New York City Housing and Vacancy Survey, and Rent guidelines
Board tabulation. At such time as NYSERDA issues a new Residential Electric
Submetering Manual setting forth a new maximum estimated submetering service
fee, DHCR shall move to amend the regulations to incorporate that document by
reference.