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)
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Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2102.3 ↗

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(3) No further application
may be filed under this subdivision sooner than one year from the date of
filing a prior application under this paragraph if an increase had previously
been granted thereunder. No order increasing a maximum rent shall be issued on
a subsequent application sooner than one year from the effective date, or the
earlier effective date if there are dual effective dates, of the order granting
an increase on the prior application. The Administrator may waive these
limitations where the property has been affected by a significant increase in
operating costs which applied to a substantial segment of housing
accommodations in the community.

(i) Unavoidable increases in operating costs
in other specified structures

(1) The
landlord operates a hotel or rooming house or owns a cooperative apartment and
has incurred unavoidable increases in property taxes and other costs, including
costs of operation of such hotel or rooming house, but excluding mortgage
interest and amortization, and excluding allowances for depreciation
obsolescence and reserves, which have occurred since the federal date
determining the maximum rent or the date the landlord commenced the operation
of the property, whichever is later.