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 ↗

Related Parts of This Source

Full Text

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(iii) An owner who is
entitled to a temporary rent increase pursuant to this subdivision shall not be
entitled to a further rent increase based upon the installation of similar
equipment, or new furniture or furnishings within the useful life of such new
equipment, or new furniture or furnishings.

(iv) Any increases to the maximum rent
pursuant to this subdivision shall be temporary and shall be removed from the
maximum rent thirty (30) years from the date the increase became effective
inclusive of any increases granted by the applicable local Rent Guidelines
Board that had been calculated based upon such rent increase.

(v) For individual apartment improvements
pursuant to this subdivision, the DHCR shall maintain an itemized list of work
performed and a description or explanation of the reason or purpose of such
work, inclusive of photographic evidence documenting the condition prior to and
after the completion of the performed work. Such documentation and any other
supporting documentation shall be submitted to the DHCR by the owner within
ninety (90) days of the completion of the work, retained in a centralized
electronic retention system and made available in cases pertaining to the
adjustment of maximum rents.