9 NYCRR § 2502.4 — Adjustment of legal regulated rent (Emergency Tenant Protection Regs., via Cornell LII)

Citation
9 NYCRR § 2502.4 — Adjustment of legal regulated rent (Emergency Tenant Protection Regs., via Cornell LII)
Jurisdiction
New York (state)
Source verification
official_capture_completeness_unverified
Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2502.4 ↗

Related Parts of This Source

Full Text

1,472 chars 
(f) In no event shall a temporary major
capital improvement increase be granted for work done in individual apartments
that is otherwise not an improvement to an entire building.

(ii) There has been other necessary work
performed in connection with, and directly related to a major capital
improvement, which may be included in the computation of an increase in the
legal regulated rent only if such other necessary work was completed within a
reasonable time after the completion of the major capital improvement to which
it relates. Such other necessary work must:

(a) improve, restore or preserve the quality
of the structure and the grounds;

(b) have been completed subsequent to, or
contemporaneously with, the completion of the work for the major capital
improvement; and

(c) not be for
primarily cosmetic improvements or for operational costs.

(iii) With approval by the DHCR, there has
been an increase in services or improvement, other than repairs, on a
building-wide basis, which the owner can demonstrate are necessary in order to
comply with a specific requirement of law.

(iv) With approval by the DHCR, there have
been other improvements made or services provided to the building or building
complex, other than those specified in subparagraphs (i)-(iii) of this
paragraph, with the express consent of the tenants in occupancy of at least
seventy-five (75) percent of the rent regulated housing
accommodations.

(2) Major
Capital Improvement Schedules