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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(b) After the conversion, if a tenant ceases
to receive a SCRIE or DRIE, the owner, without making application to the
division, may reduce the rent in accordance with the Schedule of Rent
Reductions set forth in Operational Bulletin 2014-1, and thereafter the tenant
is responsible for the cost of their 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, for as long
as the tenant is not receiving a SCRIE or DRIE. Thereafter, in the event that
the tenant resumes receiving a SCRIE or DRIE, the owner, without making
application to the division, is required to eliminate the rent reduction and
resume responsibility for the tenant's electric bills.

(iv) Every three years, upon the publication
of a new New York City Housing and Vacancy Survey, and tabulation of the survey
data by the New York City Rent Guidelines Board, DHCR shall issue a new
Operational Bulletin governing electrical conversions setting forth rent
reductions based on the new survey data, and shall move to amend the
regulations to incorporate by reference the new Operational Bulletin, the new
New York City Housing and Vacancy Survey, and Rent Guidelines Board tabulation.
At such time as NYSERDA issues a new Residential Electric Submetering Manual
setting forth a new maximum estimated submetering service fee, DHCR shall move
to amend the regulations to incorporate that document by
reference.