Senate Bill S5482

2019-2020 Legislative Session

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

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Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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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2019-S5482 (ACTIVE) - Details

See Assembly Version of this Bill:
A4229
Current Committee:
Senate Housing, Construction And Community Development
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
2017-2018: A2403

2019-S5482 (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.

2019-S5482 (ACTIVE) - Sponsor Memo

2019-S5482 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5482
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                                May 2, 2019
                                ___________
 
 Introduced  by  Sen. SALAZAR -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community Development
 
 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.
              

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