Bill Text: NY A06069 | 2015-2016 | General Assembly | Amended

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Bill Title: Relates to adjustment of maximum allowable rent.

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Introduced - Dead) 2016-05-24 - reported referred to ways and means [A06069 Detail]

Download: New_York-2015-A06069-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6069--A
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                     March 11, 2015
                                       ___________
        Introduced  by M. of A. MOSLEY, DAVILA, WALKER, JOYNER, BICHOTTE, ROBIN-
          SON, ARROYO, O'DONNELL, LINARES --  read  once  and  referred  to  the
          Committee  on  Housing  -- committee discharged, bill amended, ordered
          reprinted as amended and recommitted to said committee
        AN ACT to amend the administrative code of the city  of  New  York,  the
          emergency tenant protection act of nineteen seventy-four and the emer-
          gency  housing  rent control law, in relation to adjustment of maximum
          allowable rent
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraph (e) of paragraph 1 of subdivision g of section
     2  26-405 of the administrative code of the city of New York, as amended by
     3  section  15  of  part B of chapter 97 of the laws of 2011, is amended to
     4  read as follows:
     5    (e) The landlord and tenant  by  mutual  voluntary  written  agreement
     6  agree  to  a  substantial  increase  or  decrease in dwelling space or a
     7  change in the services, furniture, furnishings or equipment provided  in
     8  the  housing accommodations. An adjustment under this subparagraph shall
     9  be equal to [one-fortieth, in the case of a building with thirty-five or
    10  fewer housing accommodations, or one-sixtieth, in the case of a building
    11  with more than thirty-five housing accommodations where such  adjustment
    12  takes  effect on or after September twenty-fourth, two thousand eleven,]
    13  one eighty-fourth of the total cost incurred by the landlord in  provid-
    14  ing  such  modification  or increase in dwelling space, services, furni-
    15  ture, furnishings or equipment, including the cost of installation,  but
    16  excluding  finance  charges  and cosmetic improvements, provided further
    17  that an owner who is entitled  to  a  rent  increase  pursuant  to  this
    18  subparagraph shall not be entitled to a further rent increase based upon
    19  the  installation  of similar equipment, or new furniture or furnishings
    20  within the useful life of  such  new  equipment,  or  new  furniture  or
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08514-08-5