Provides for adjustment of the maximum income threshold for eligibility for the senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) by any increase in the consumer price index (CPI).
Provides for adjustment of the maximum income threshold for eligibility for the senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) by any increase in the consumer price index (CPI).
Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities.
This bill allows tenants in New York to pay security deposits in up to six equal monthly installments for leases lasting one year or longer. Landlords cannot charge extra fees or interest for this payment option, and the installment terms must be clearly written into the rental agreement. The law requires the total deposit amount and each installment payment to be specified upfront in the contract. Violations by landlords could result in civil fines up to 15% of the annual rent.
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.
Permits a redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities upon a permanent decrease in income.
This bill extends the time tenants have to respond to applications for major capital improvement rent increases in New York City from 60 to 90 days after receiving notice. It directly affects tenants who receive notices about proposed rent hikes tied to building renovations or upgrades. The key change modifies multiple sections of city housing law to replace "sixty" with "ninety" days in the timeline for tenant responses. The bill does not alter rent calculation methods or approval criteria, only the response window for tenants. This is a procedural adjustment to provide tenants with additional time to address such applications.
Permits other qualifying members of a household to qualify the household for the disability rent increase exemption when they are not the head of household.
Provides that no landlord shall deny access to a licensed professional engineer or licensed registered architect hired by any tenant or tenant association representing tenants of a multiple dwelling of six units or more for the purpose of conducting an inspection of a major capital improvement for which an application for a maximum rent adjustment has been filed by the landlord; provides that such inspection shall be conducted after notice to the landlord and during normal business hours; provides for the filing of such inspection report by such tenants with the New York city rent agency or the state division of housing and community renewal for consideration in such application's determination.
Requires the division of housing and community renewal to calculate the period of rent reduction due to diminution of services from the date of actual diminution of the services.
