9 NYCRR § 2102.3 — Grounds for increase of maximum rent (State Rent & Eviction Regs., via Cornell LII)

Citation
9 NYCRR § 2102.3 — Grounds for increase of maximum rent (State 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-2102.3 ↗

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Full Text

1,771 chars 
(c) Security System; and

(d) Intercom; and may include such other
systems as DHCR may determine.

(iii) Each class of major capital improvement
may list more detailed types of capital improvement work. Each class of major
capital improvement described in the Schedule may be inclusive of additional
costs that can be associated with the type of improvements listed within such
class.

(iv) The costs of each type
of major capital improvement work will be listed as per unit, per unit of
measurement or per piece of equipment, as is appropriate given the nature of
the improvement.

(v) The maximum
recoverable costs for each type of major capital improvement specified in the
initial Reasonable Cost Schedule shall be based on a survey of such
construction costs undertaken for such installation.

(a) The maximum recoverable costs listed in
the Reasonable Cost Schedule shall be initially published and made available
for public review and comment in conjunction with the promulgation process
required for adoption of this regulation.

(vi) Periodic Review of Reasonable Cost
Schedule: Every year after adoption of this regulation, DHCR shall assess and
review the categories of major capital improvements, the classes of work within
categories eligible for major capital improvements and the maximum recoverable
costs listed for the types of major capital improvement costs identified in the
Reasonable Cost Schedule.

(vii)
Procedure:

(a) When applying for a temporary
major capital improvement rent increase, owners are required to submit an
itemized list of work performed with a description or explanation of the reason
or purpose of such work.

(1) Costs may be
granted for related expenses that are not specified in the actual schedule, if
they are found to be: