Provided, however, that where the most recent vacancy lease was executed six years
or more prior to the date of the renewal lease under this Order, the following shall
instead apply:
For a one-year renewal lease commencing on or after October 1, 2009 and on or
before September 30, 2010: 3% or $30 whichever is greater.
For a two-year renewal lease commencing on or after October 1, 2009 and on or
before September 30, 2010: 6% or $60 whichever is greater.
Where heat is neither provided nor required to be provided to a dwelling unit by an owner
from a central or individual system, the adjustments are as follows:
For a one-year renewal lease commencing on or after October 1, 2009 and on or
before September 30, 2010: 2.5%
1
For a two-year renewal lease commencing on or after October 1, 2009 and on or
before September 30, 2010: 5%
Provided, however, that where the most recent vacancy lease was executed six years
or more prior to the date of the renewal lease under this Order, the following shall
instead apply:
For a one-year renewal lease commencing on or after October 1, 2009 and on or
before September 30, 2010: 2.5% or $25 whichever is greater.
For a two-year renewal lease commencing on or after October 1, 2009 and on or
before September 30, 2010: 5% or $50 whichever is greater.
These adjustments shall also apply to dwelling units in a structure subject to the partial tax
exemption program under Section 421a of the Real Property Tax Law, or in a structure
subject to Section 423 of the Real Property Tax Law as a Redevelopment Project.
VACANCY ALLOWANCE FOR APARTMENTS
No vacancy allowance is permitted except as provided by sections 19 and 20 of the Rent
Regulation Reform Act of 1997.