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

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(3) such decrease, modification or
substitution results from an approved conversion from master metering of
electricity, with the cost of electricity included in the rent, to individual
metering of electricity, with the tenant paying separately for electricity, and
is in amounts set forth in a Schedule of Rent Reductions for different-sized
rent stabilized housing accommodations included in Operational Bulletin 2014-1
governing electrical conversions issued pursuant to this paragraph and section
of this Title by DHCR,
92-31 Union Hall Street, Jamaica, Queens, New York, and available at DHCR's
website at 2507.11www.hcr.ny.gov and determined as
follows:

(i) Direct Metering. Where the
conversion is to direct metering of electricity, with the tenant purchasing
electricity directly from a utility, such Schedule of Rent Reductions is based
on the median monthly cost of electricity to tenants derived from data from the
United States Census Bureau's "New York City Housing and Vacancy Survey," as
tabulated by the New York City Rent Guidelines Board, 1 Centre Street, Suite
2210., New York, New York, and available on its website at
rentguidelinesboard.cityofnewyork.us,and as further adjusted where appropriate
to reflect differences in electric rates outside New York City. The charge for
electricity is not part of the legal regulated rent and is not subject to this
Subchapter. The resolution of any dispute arising from the billing or
collection of such charge is not within the jurisdiction of the Division. A
conversion to direct metering is required to include rewiring the building
unless the owner can establish that rewiring is unnecessary.