(1) No increase in the legal regulated rent shall be collectible from a tenant to whom there has been issued a currently valid rent exemption order pursuant to this subdivision, except as provided in such order, if such increase is a lawful increase in the monthly legal regulated rent over the rent legally payable on the eligibility date which is provided under a two year lease, or under such other term as regards dwelling units subject to the hotel stabilization provisions of this chapter, for an increase in rent:
(i) pursuant to an order of the New York city rent guidelines board, or
(ii) based upon an owner hardship rent increase order issued by the state division of housing and community renewal.
(2) A tenant is eligible for a rent exemption order pursuant to this section if: