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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(j) Other necessary adjustments of maximum
rents not inconsistent with the purposes of the act or regulations Where the
administrator finds in considering an application of the landlord, that
adjustments of maximum rents on grounds other than those set forth in
subdivisions (b), (c), (d), (e), (f), (g), (h) or (i) of this section are not
inconsistent with the purposes of the act or these regulations, and such
adjustments are necessary to maintain a system of rent controls at levels which
are generally fair and equitable, the administrator may issue orders increasing
the maximum rents by the amounts of such adjustments. The total adjustments of
maximum rents for any housing accommodation in any 12-month period under this
paragraph shall not exceed 15 percent of the maximum rent in effect on the date
of the first order granting an adjustment in said 12-month period. The
administrator may waive this limitation because of unique and peculiar
circumstances, where he finds such waiver is not inconsistent with the purposes
of the act or this Part.