(1) For renewal leases, the legal regulated
rent immediately prior to the effective date of the lease may be increased by
the appropriate rate of rent adjustment as last filed with the division by the
Rent Guidelines Board for the county wherein the housing accommodation is
located and if the said rate has not been filed by the commencement date of the
lease term, the lease may make provision for the rent increase, if any,
pursuant to the said rate to become effective when filed as of the commencement
date of the lease term, unless the County Rent Guidelines Board shall have
fixed a later effective date for the said rate, in which event the increase may
only be effective as of that later date;
(2) Where a renewal lease is entered into
after the local effective date, but before the effective date of the first
applicable guidelines as provided in section 4, subdivision b of the act, the
lease may provide for an adjustment of rent pursuant to such guidelines, to be
effective on the first day of the month next succeeding the effective date of
such guidelines.
(3) Pursuant to an
order of the division, where the vacancy lease recites that:
(i) an application for a rent increase
pursuant to section
of this Part is pending before the
division;2502.4(a)(2)(i) or
(b)
(ii) a rent increase
shall be payable in the amount authorized by the division in the event an
application is filed pursuant to section
of
this Part, based upon work having been completed to comply with new or
additional requirements of law;2502.4(a)(2)(i)
(iii) a rent increase shall be payable in the
amount, if any, authorized by the division in the event an application is filed
to establish a hardship pursuant to section
of this
Part.2502.4(e)
(4)
[Reserved]
(5) Prior executed
lease.