Extends the answer time when a major capital improvement rent increase has been filed to ninety days

This bill extends the time tenants have to respond to landlord applications for rent increases based on major building renovations, from 60 to 90 days. It directly affects tenants in New York City rent-stabilized buildings when landlords file such applications. The change modifies specific sections of the city's administrative code and rent control laws to update the response period. This provides tenants with more time to review proposed rent hikes before they take effect.