Relates to penalties for owners of property who fail to file a proper or timely rent registration statement

2 Co-sponsors

• Adriano Espaillat
• Gustavo Rivera

Title of bill

An act to amend the emergency tenant protection act of nineteen seventy-four and the administrative code of the city of New York, in relation to penalties for owners of property who fail to file a proper or timely rent registration statement

Purpose or general idea of bill

To encourage building owners to file timely registration documentation with the state Division of Housing and Community Renewal (DHCR).

Summary of specific provisions

Section one amends the opening paragraph of paragraph 1 of subdivision a of section 12 of section 4 of chapter 576 of the laws of 1974 constituting the emergency tenant protection act of nineteen seventy-four, as amended by chapter 116 of the laws of 1997.

Section two amends the opening paragraph of subdivision a of section 26-516 of the administrative code of the city of New York, as amended by chapter 116 of the laws of 1997.

Section three sets forth the effective date.

Justification

New York's rent-stabilization program signals the enduring commitment of elected offices to ensure an adequate supply of affordable housing for low-and-middle-income families. Today, our Rent-Stabilization laws continue to shield hard working New Yorkers from the shrinking occupancy of affordable apartments in New York City.

This informs the agency of the rent that is being charged for a specific rent-stabilized apartment and ensures that the owner's correct and up-to-date information is available to the state. A copy of the registration paperwork is also required to be sent to the tenant, providing protections against overcharges.

The filing of this paperwork serves many purposes and creating a penalty for the failure to file will help the State to keep track of rent-regulated units and empower tenants to assert their rights relative to their Rent-Regulated leases.

Prior legislative history

New bill.

Fiscal implications

Unknown.

Effective date

This act shall take effect immediately; provided, however, that the amendments to the opening paragraph of paragraph 1 of subdivision a of section 12 of the emergency tenant protection act of nineteen seventy-four made by section one of this act shall expire on the same date as such act expires and shall not affect the expiration of such act as provided in section 17 of chapter 576 of the laws of 1974, and that the amendments to the opening paragraph of subdivision a of section 26-516 of chapter 4 of title 26 of the administrative code of the city of New York made by section two of this act shall expire on the same date as such law expires and shall not affect the expiration of such law as provided under section 26-520 of such law.