720 Riverside Owners Corp. v. Bowen, 2024 NY Slip Op 24052 (2024)

Citation: 720 Riverside Owners Corp. v. Bowen, 2024 NY Slip Op 24052 (2024)
Parent Document: 720 Riverside Owners Corp. v. Bowen, 2024 NY Slip Op 24052 (2024)
Jurisdiction: New York (state)
Effective Date: 2024-02-22
Original Source: https://www.courtlistener.com/opinion/9477736/720-riverside-owners-corp-v-bowen/ ↗

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"9 NYCRR § 2522.5(c)(1) and 9 NYCRR § 2522.5(c)(3) are amended to provide the following: Required lease riders attached to leases will have greater detail as to how the rent was calculated, including details about how any IAI rent increase was calculated; tenants will be able to request documentation from owners to support an IAI increase; if the lease rider and/or any requested IAI documents are not provided, there can be no rent increase until the rider/documentation is provided unless the owner can prove the rent charged is otherwise legal; if the rent charged is above the legal rent during period when rider/documentation is not provided, there can be a rent overcharge proceeding and no rent increase can be collected until the rider/documentation is provided." (2014 NY REG Text 323579 [NS]).

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