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9 NYCRR § 2502.5 — Lease agreements (Emergency Tenant Protection Regs., via Cornell LII)

Citation
9 NYCRR § 2502.5 — Lease agreements (Emergency Tenant Protection Regs., via Cornell LII)
Jurisdiction
New York (state)
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(b) where a two-year lease is so terminated
prior to the expiration of one year, the rent increase must be fully refunded;
if one year or more has expired, such amount of the rent increase as exceeded
the one-year lease guideline rate must be refunded;

(c) where a three-year lease is so terminated
prior to the expiration of one year, the rent increase must be fully refunded;
if one year but less than two years has expired, such amount of the rent
increase as exceeded the one-year lease guideline rate must be refunded; if two
years or more have expired, such amount of the rent increase as exceeded the
two-year lease guideline rate must be refunded.

(iv) Where the rented apartment is located in
a city, town or village which has filed a resolution with the Attorney General
electing to have section
of the General Business Law
apply to cooperative and condominium conversion plans, and the plan has been
declared effective in accordance with its terms and the requirements of such
section 352-eee: 352-eee

(a) that the plan for
conversion to cooperative or condominium ownership is an "eviction plan" as
defined in section 352-eee;

(b)
that no eviction proceedings shall be commenced against the tenant for a period
of three years after the plan has been declared effective;

(c) that the termination clause shall not
apply if the tenant is an "eligible senior citizen" or an "eligible handicapped
person" as defined in such section 352-eee.