Assembly Bill A2403

2017-2018 Legislative Session

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

download bill text pdf

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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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2017-A2403 (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, Emerg Hous Rent Cont L; amd §1, Chap 21 of 1962
Versions Introduced in Other Legislative Sessions:
2009-2010: A2523
2011-2012: A3128
2013-2014: A4240
2015-2016: A2246
2019-2020: A4229

2017-A2403 (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.

2017-A2403 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2403
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2017
                                ___________
 
 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 housing 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.
                                                            LBD07567-01-7
              

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