9 NYCRR § 2521.1 — Initial legal regulated rents for housing accommodations (Rent Stabilization Code, via Cornell LII)

N.Y. Comp. Codes R. & Regs. Tit. 9 § 2521.1 - Initial legal regulated rents for housing accommodations

(a)

(1) For
housing accommodations which on March 31, 1984 were subject to the City Rent
Law, and became vacant after that date, and which are no longer subject to the
City Rent Law, and are rented thereafter subject to the RSL, the initial legal
regulated rent shall be the rent agreed to by the owner and the tenant and
reserved in a lease or provided for in a rental agreement subject to the
provisions of this Code, and subject to a tenant's right to a Fair Market Rent
Appeal to adjust such rent pursuant to section
of this Title.2522.3

(2) For housing accommodations which on March
31, 1984 were subject to the penalties provided in former section YY51-4.0 of
the Administrative Code of the City of New York, and which become vacant
thereafter, the initial legal regulated rent for the first rent stabilized
tenant shall be the rent established by the DHCR for the prior tenant,
increased by the guidelines rate of rent adjustments applicable to the new
lease plus such other rent increases as are authorized pursuant to section
of this Title, and shall not
be subject to a Fair Market Rent Appeal pursuant to section
2522.4 of this Title.2522.3

(b)

(1) The initial legal regulated rent for a
housing accommodation for which an overcharge complaint or a Fair Market Rent
Appeal was filed by a tenant prior to April 1, 1984, and not finally determined
prior thereto, shall be the April 1, 1984 rent as subsequently determined by
the DHCR. Such determination will be based upon the law or code provision in
effect on March 31, 1984.