New York Rent Laws
RSL Table of Contents
NYC Rent Stabilization Law of 1969
Sec. 26-512. STABILIZATION PROVISIONS.
a. No owner of property subject to this law shall charge or
collect any rent in excess of the initial legal regulated
rent or adjusted initial legal regulated rent until the end
of any lease or other rental agreement in effect on the
local effective date until such time as a different legal
regulated rent shall be authorized pursuant to guidelines
adopted by a rent guidelines board.
b. The initial regulated rent for housing accommodations
subject to this law on the local effective date of the
emergency tenant protection act of nineteen seventy-four or
which become subject to this law thereafter, pursuant to
such act, shall be:
(1) For housing accommodations which were regulated
pursuant to this law or the city rent and
rehabilitation law prior to July first, nineteen
hundred seventy-one, and which became vacant on or
after such date and prior to the local effective date
of the emergency tenant protection act of nineteen
seventy-four, the rent reserved in the last effective
lease or other rental agreement; provided that such
initial rent may be adjusted on application of the
tenant pursuant to subdivision b of section 26-513 of
this chapter.
(2) For housing accommodations which were regulated
pursuant to the city rent and rehabilitation law on the
local effective date of the emergency tenant protection
act of nineteen seventy-four, and thereafter become
vacant, the rent agreed to by the landlord and the
tenant and reserved in a lease or provided for in a
rental agreement; provided that such initial rent may
be adjusted on application of the tenant pursuant to
subdivision b of section 26-513 of this chapter.
(3) For housing accommodations other than those described
in paragraphs one and two of this subdivision, the rent
reserved in the last effective lease or other rental
agreement.
(4) For any plot or parcel of land which had been regulated
pursuant to the city rent and rehabilitation law prior
to July first, nineteen hundred seventy-one and which,
(i) became vacant on or after July first, nineteen
hundred seventy-one and prior to July first,
nineteen hundred seventy-four, the rent reserved
in a lease or other rental agreement in effect
on June thirtieth, nineteen hundred seventy-four
plus increases authorized by the rent guidelines
board under this law for leases or other rental
agreements commencing thereafter; provided that
such initial rent may be adjusted on application
of the tenant pursuant to subdivision b of
section 26-513 of this chapter or,
(ii) became vacant on or after July first, nineteen
hundred seventy-four, the rent agreed to by the
landlord and the tenant and reserved in a lease
or other rental agreement plus increases
authorized by the rent guidelines board under
this law for leases or other rental agreements
commencing thereafter; provided that such
initial rent may be adjusted on application of
the tenant pursuant to subdivision b of section
26-513 of this chapter.
(iii) Where the commissioner has determined that the
rent charged is in excess of the lawful rents as
stated in subparagraph (i) or (ii) hereof, plus
lawful increases thereafter, he or she shall
provide for a cash refund or a credit, to be
applied against future rent, in the amount of
any rent overcharge collected by an owner and
any penalties, costs, attorneys' fees and
interest from the date of the overcharge at the
rate of interest payable on a judgment pursuant
to section five thousand four of the civil
practice law and rules for which the owner is
assessed.
c. With respect to accommodations for which the initial legal
regulated rent is governed by paragraph two of subdivision b
hereof, no increase of such initial legal regulated rent
pursuant to annual guidelines adopted by the rent guidelines
board shall become effective until the expiration of the
first lease or rental agreement taking effect after the
local effective date of the emergency tenant protection act
of nineteen seventy-four, but in no event before one year
after the commencement of such rental agreement.
d. With respect to accommodations, other than those referred to
in subdivision c, for which a lease is entered into after
the local effective date of the emergency tenant protection
act of nineteen seventy-four, but before the effective date
of the first guidelines applicable to such accommodations,
the lease may provide for an adjustment of rent pursuant to
such guidelines to be effective on the first day of the
month next succeeding the effective date of such guidelines.
e. Notwithstanding any contrary provisions of this law, on and
after July first nineteen hundred eighty-four, the legal
regulated rent authorized for a housing accommodation
subject to the provisions of this law shall be the rent
registered pursuant to section 26-517 of this chapter
subject to any modification imposed pursuant to this law.
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