accommodation
documentation that clarifies and supports the IAI was not in existence on the applicable base
increase, either at the time the lease is executed date. Such a finding may entitle the owner
or within 60 days of its execution. to charge a market or “first rent,” subject
to guidelines limitations for future rent
Effective December 15, 2022, Private Housing adjustments.
Finance Law (PHFL) Section 610 allows owners
A PUBLICATION OF THE DIVISION OF HOUSING AND COMMUNITY RENEWAL OFFICE OF RENT ADMINISTRATION FS-05 (11/2024)
FACT SHEET #5: VACANCY LEASES IN RENT STABILIZED APARTMENTS PAGE 3 OF 3