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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(iii) Recipients of Senior Citizen Rent
Increase Exemptions (SCRIE) or Disability Rent Increase Exemptions (DRIE): For
a tenant who on the date of the conversion is receiving a SCRIE or DRIE
authorized by local law, the rent is not reduced and the cost of electricity
remains included in the rent, although the owner is permitted to install any
equipment in such tenant's housing accommodation as is required for
effectuation of electrical conversion pursuant to this paragraph.

(a) After the conversion, upon the vacancy of
the tenant, the owner, without making application to the division, is required
to reduce the legal regulated rent for the housing accommodation in accordance
with the Schedule of Rent Reductions set forth in Operational Bulletin 2014-1,
and thereafter any subsequent tenant is responsible for the cost of their
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.