N.Y. Comp. Codes R. & Regs. Tit. 9 § 2201.5 - Biennial adjustment of maximum rents
(a) Effective January 1, 1974 and biennially
thereafter, the administrator shall adjust the maximum rent for each housing
accommodation subject to these regulations to reflect the changes, if any, in
the components of the maximum gross building rental defined in section
2201.4(b)
of this Part. Such adjustment shall be made whether or not the property, or any
housing accommodation therein, received or was eligible for maximum base rents
under section
2201.4
of this Part.
(b) On or after
January 1, 1974, the administrator may require landlords of properties
containing housing accommodations subject to control under these regulations to
report the actual operating and maintenance expenses for such properties, in
such form and manner as he may prescribe, and may adjust the allowance for
operating and maintenance expenses in accordance with such data. In addition,
the administrator may provide for an alternative standard operating and
maintenance expense allowance based upon cumulative objective data.
Notes
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