9 NYCRR § 2102.3 — Grounds for increase of maximum rent (State Rent & Eviction Regs., via Cornell LII)

Citation
9 NYCRR § 2102.3 — Grounds for increase of maximum rent (State Rent & Eviction Regs., via Cornell LII)
Jurisdiction
New York (state)
Source
Official source
Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2102.3 ↗

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N.Y. Comp. Codes R. & Regs. Tit. 9 § 2102.3 - Grounds for increase of maximum rent

(a)

(1) This section sets forth specific
standards for the increase of a maximum rent. In applying these standards and
entering an order adjusting a maximum rent, the Administrator shall take into
consideration all factors bearing on the equities involved, subject to the
general limitation that the adjustment can be put into effect without
dislocation and hardship inconsistent with the purposes of the Act.

(2) The Administrator shall have the power to
revoke or modify any adjustment granted hereunder if there has been a
substantial change in the basis upon which such adjustment was
granted.

(3) No landlord shall be
entitled to any increase in the maximum rent under this section unless the
landlord certifies that it is maintaining all essential services provided or
required to be provided with the housing accommodations involved as of the date
of the issuance of the order adjusting the maximum rent and that it will
continue to maintain such services so long as the increase in such maximum rent
continues in effect; nor shall any landlord be entitled to any increase in the
maximum rent in any case where a municipal department having jurisdiction
certifies that the housing accommodation is a fire hazard, or is in a continued
dangerous condition or detrimental to life or health, or is occupied in
violation of law.

(4) The total of
all adjustments for any individual housing accommodation granted under
subdivisions (g) and (i) of this section shall not exceed 15 per cent for any
12-month period, except as provided in paragraph (4) of subdivision (g) of this
section.