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)
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Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2502.4 ↗

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(viii) For temporary rent increases pursuant
to this subdivision effective as of or after June 14, 2019, the temporary
increase in the monthly legal regulated rent for the affected housing
accommodations when authorized pursuant to this paragraph shall for buildings
and complexes containing 35 or fewer housing accommodations be
1/168th of the total cost, including
the cost of installation but excluding finance charges; and for buildings and
complexes containing more than 35 housing accommodations be
1/180th of the total cost, including
the cost of installation but excluding finance
charges.

(d) An
owner may file an application to decrease essential services for a reduction of
the legal regulated rent, or to modify or substitute essential services at no
change in the legal regulated rent, on forms prescribed by the division on the
grounds that:

(1) the owner and tenant by
mutual voluntary written agreement, consent to a decrease indwelling space, or
a decrease in the services, furniture, furnishings or equipment, or to a
modification or substitution of the essential services provided in the housing
accommodation; or

(2) such
decrease, modification or substitution is required for the operation of the
building in accordance with specific requirements of law; or