New Rules Make it Harder for Landlords to Raise Rents

housing29n-1-webNew housing regulations that will soon be unveiled will require landlords who want to hike the rent after sprucing up a rent-regulated apartment to provide the state with more documentation of the work, officials said Monday.

The long-awaited reforms are being finalized some 18 months after the Cuomo administration promised changes as part of an extension to rent-regulation law.

The new rules would also bar rent increases when capital improvements are done where hazardous violations exist, said aides to Assembly Speaker Sheldon Silver, who was briefed on the plan.

And they would redefine harassment to include certain false filings and statements made against a tenant. Property owners would have to provide tenants of deregulated units notice of how the rent was computed and what the previous regulated rent was.

Meanwhile, the Assembly gave final passage Monday to a bill reinstating an expired property tax abatement on city co-ops and condos.

 

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