New York Rent Laws
RSL Table of Contents
NYC Rent Stabilization Law of 1969
Sec. 26-518. HOTEL INDUSTRY STABILIZATION ASSOCIATION.
a. The hotel industry stabilization association registered with
the department of housing preservation and development is
hereby divested of all its powers and authority under this
law. The stabilization code heretofore promulgated by such
association, as approved by the department of housing
preservation and development, is hereby continued to the
extent that it is not inconsistent with law. Such code may
be amended from time to time provided, however, that no such
amendments shall be promulgated except by action of the
commissioner of the division of housing and community
renewal and provided further, that prior to the adoption of
any such amendments, the commissioner shall (i) submit the
proposed amendments to the commissioner of the department of
housing preservation and development and allow such
commissioner thirty days to make comments or recommendations
on the proposed amendments, (ii) review the comments or
recommendations, if any, made pursuant to clause (i) of this
subdivision and make any revisions to the proposed
amendments which the commissioner of the division of housing
and community renewal deems appropriate provided that any
such review and revision shall be completed within thirty
days of receipt of such comments or recommendations and
(iii) thereafter hold a public hearing on the proposed
amendments. No provision of such code shall impair or
diminish any right or remedy granted to any party by this
law or any other provision of law.
b. A code shall not be approved hereunder unless it appears to
the commissioner of the division of housing and community
renewal that it provides for a cash refund or a credit to be
applied against future rent, in the amount of the excess, if
any, of rent paid since January first, nineteen hundred
sixty-nine, over the permissible fair increase, and that it
gives a hotel tenant the right to request a six month lease
at the permissible rent rate within thirty days of the
approval of such code, or, if his or her tenancy commences
after such thirty day period, within thirty days of the
commencement of his or her tenancy, and that is in
compliance with the standards set forth in subdivision c of
section 26-511 to the extent such standards are applicable
to the hotel industry, and that it provides specifically
that no owner shall refuse to extend or renew a tenancy for
the purpose of preventing a hotel tenant from becoming a
permanent tenant.
c. Each landlord who is made subject to this law pursuant to
section 26-505 or 26-506 of this code shall furnish to each
permanent tenant signing a new or renewal lease, a rider
describing the rights and duties of owners and tenants as
provided under the rent stabilization law of nineteen
hundred sixty-nine. Such rider shall be in a form
promulgated by the commissioner and shall conform to the
intent of section 5-702 of the general obligations law and
shall be in a print size larger than the print size of the
lease to which the rider is attached.
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