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History
- Print number 3588a
- Amend (t) and recommit to housing, construction and community development
- Referred to housing, construction and community development
- Referred to housing, construction and community development
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Caps the amount of collectible rent increases due to major capital improvements at six percent of the legal regulated rent
Assembly Floor Calendar · Sponsor Shelley Mayer
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the emergency tenant protection act of nineteen seventy-four, in relation to capping the amount of collectible rent increases due to major capital improvements at six percent of the legal regulated rent
Purpose or general idea of bill
This bill prohibits the temporary retroactive rent increase or surcharge prior to the approval of the MCI application for rent stabilized apartments. Under current law, landlords are entitled to collect a retroactive surcharge, which is the amount owed between the effective date and the collectable date of the DHCR order granting the MCI. If the application is approved, in addition to the increase becoming a part of the tenants' base rent, the landlord is entitled to collect the increase retroactively, between the "effective date" and "collectable date," in the form of a temporary surcharge. The rent increase (the surcharge and the base rent increase) cannot be collected from the tenants until the application is approved, so the surcharge is collected temporarily in addition to the increased base rent after the collectable date. This bill would bring rent stabilized apartments in line with rent controlled apartments, eliminating the retroactive temporary surcharge and allowing landlords to begin collecting the increased base rent upon the collectable date or the date the application is approved.
Summary of specific provisions
Section 1 amends section 6 of section 4 of chapter 576 of the laws of 1974 by adding a new subdivision prohibiting any adjustment in the legal regulated rent based upon a major capital improvement until the date of approval of the application.
Section 2 amends the administrative code of the city of New York by adding a new subdivision prohibiting any adjustment in the legal regulated rent based upon a major capital improvement until the date of approval of the application.
Section 3 amends paragraph (a) of subdivision 4 of section 4 of chapter 274 of the laws of 1946 by prohibiting any adjustment in the legal regulated rent based upon a major capital improvement until the date of approval of the application.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.