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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RSL § 26-517(e) provides that a landlord's failure to file a "proper and timely" annual rent registration statement results in the rent being frozen at the level of the "legal regulated rent in effect on the date of the last preceding registration statement," and that the filing of a late [*3]registration results in the prospective elimination of the sanctions. As relevant herein, the provision further states that, "provided that increases in the legal regulated rent were lawful except for the failure to file a timely registration, the owner, upon the service and filing of a late registration, shall not be found to have collected an overcharge at any time prior to the filing of the late registration."

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