Assembly Bill A2523

2009-2010 Legislative Session

Provides for the limitation of rent increases after vacancy of a rent regulated housing accommodation

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A2523 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-510, 26-512 & 26-403.2, NYC Ad Cd; amd §§4 & 6, Emerg Ten Prot Act of 1974 ; amd §5, Chap 274 of 1946; amd §1, Chap 21 of 1962
Versions Introduced in Other Legislative Sessions:
2011-2012: A3128
2013-2014: A4240
2015-2016: A2246
2017-2018: A2403
2019-2020: A4229

2009-A2523 (ACTIVE) - Summary

Provides for the limitation of rent increases after vacancy of a housing accommodation under the Rent Regulation Reform Act of 1997 by providing that the statutory allowance in such Act replaces and is in lieu of any other previously authorized vacancy allowance.

2009-A2523 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2523

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 16, 2009
                               ___________

Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
  tee on Housing

AN ACT to amend the administrative code of the city  of  New  York,  the
  emergency tenant protection act of nineteen seventy-four, the emergen-
  cy  housing rent control law and the local emergency rent control act,
  in relation to limiting rent increase after vacancy of certain housing
  accommodations

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Subdivision d of section 26-510 of the administrative code
of the city of New York is amended and a new subdivision j is  added  to
read as follows:
  d.  Any housing accommodation covered by this law owned by a member in
good standing of an association registered with the department of  hous-
ing  preservation  and  development  pursuant  to section 26-511 of this
chapter which becomes vacant for any reason, other  than  harassment  of
the prior tenant, may be offered for rental at any price notwithstanding
any  guideline  level  established  by  the guidelines board for renewal
leases, provided the offering price does  not  exceed  the  rental  then
authorized  by  the  guidelines  board  for such dwelling unit plus five
percent for a new lease not exceeding  two  years  and  a  further  five
percent for a new lease having a minimum term of three years, until July
first,  nineteen  hundred  seventy[,  at which time the guidelines board
shall determine what the rental for a vacancy shall be].
  J. NOTWITHSTANDING ANY OTHER PROVISION OF THIS LAW, ON AND AFTER  JUNE
SIXTEENTH,  NINETEEN  HUNDRED  NINETY-SEVEN  THE  ADJUSTMENT FOR VACANCY
LEASES COVERED BY THE PROVISIONS OF THIS LAW SHALL BE DETERMINED  EXCLU-
SIVELY  PURSUANT  TO PARAGRAPH FIVE-A OF SUBDIVISION C OF SECTION 26-511
OF THIS CHAPTER.  THE RENT GUIDELINES BOARD SHALL NO  LONGER  PROMULGATE
ADJUSTMENTS FOR VACANCY LEASES.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01588-01-9

              

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