9 NYCRR § 2202.4 — Increased services or facilities, substantial rehabilitation, major capital or other improvements (NYC Rent & Eviction Regs., via Cornell LII)

Citation: 9 NYCRR § 2202.4 — Increased services or facilities, substantial rehabilitation, major capital or other improvements (NYC Rent & Eviction 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-2202.4 ↗

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(iii) An owner who is entitled to a rent
increase pursuant to this subdivision shall not be entitled to a further rent
increase based upon the installation of similar equipment, or new furniture or
furnishings within the useful life of such new equipment, or new furniture or
furnishings.

(iv) Any increases to
the maximum rent pursuant to this subdivision shall be temporary and shall be
removed from maximum rent thirty (30) years from the date the increase became
effective inclusive of any increases granted by the applicable Rent Guidelines
Board that had been calculated based upon such rent increase.

(v) For individual apartment improvements
pursuant to this subdivision, the DHCR shall maintain an itemized list of work
performed and a description or explanation of the reason or purpose of such
work, inclusive of photographic evidence documenting the condition prior to and
after the completion of the performed work. Such documentation and any other
supporting documentation shall be submitted to the DHCR by the owner within
ninety (90) days of the completion of the work, retained in a centralized
electronic retention system and made available in cases pertaining to the
adjustment of maximum rents.