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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(vi)
Where an owner seeks a temporary individual apartment improvement rent increase
pursuant to this subdivision while the unit is occupied, the DHCR shall provide
a form for use by the owner, to obtain written informed consent from the tenant
that shall include the estimated total cost of the improvement and the
estimated monthly rent increase. Such form shall be completed and submitted to
the DHCR by the owner within 90 days of the completion of the work and
preserved in a centralized electronic retention system. Nothing herein shall
relieve an owner, lessor, or agent thereof of his or her duty to retain proper
documentation of all improvements performed or any rent increases resulting
from said improvements.

(vii) For
rent increases pursuant to this subdivision that took effect prior to June 14,
2019, the increase in the monthly maximum rent for the affected housing
accommodations when authorized pursuant to this subdivision shall for buildings
and complexes containing 35 or fewer housing accommodations be 1/40th of the
total cost, including installation but excluding finance charges; and for
buildings and complexes containing more than 35 housing accommodations be
1/60th of the total cost, including installation but excluding finance
charges.