1107. Annual General Adjustment Order for 1986
(1) In accordance with Section 11 of the Rent Stabilization and Eviction for
Good Cause Ordinance as amended by the Tenants Rights Amendments Act of 1982,
the Rent Stabilization Board hereby adjusts Rent Ceilings upward by 3% plus $2.50 per
month for all units covered by the Ordinance, setting the Rent Ceilings for such units at
a level 3% plus $2.50 per month greater than the 1985 Rent Ceilings.
The 1985 Rent Ceiling is defined as the Base Rent Ceiling established in Section 10 of
the Ordinance plus any adjustments of the base ceiling granted by the Board.
(2) The adjustments granted by this Order shall become effective on January
1, 1986, provided the landlord is otherwise entitled to the adjustment pursuant to the
provisions of the Ordinance and this Order.
(3) Rent Ceilings adjusted pursuant to this Order may be rounded to the
nearest dollar amount.
(4) The upward general adjustment granted in this Order does not
automatically provide for a rent increase. Rent increases pursuant to this Order shall
become effective only after the landlord gives the tenant(s) at least thirty (30) days'
prior written notice of such rent increases and the notice period expires.
Each notice to a tenant of a rent increase pursuant to this Order shall include the
landlord's written certification that he or she is in compliance with the provisions of this
Order and the Ordinance. THE NOTICE AND CERTIFICATION SHALL BE ON A FORM
APPROVED BY THE BOARD.
(5) Landlords are not required under the Ordinance and/or this Order to
increase rents at all or by the full amount of the general adjustment granted in this
Order.