N.Y. Comp. Codes R. & Regs. tit. 9 § 2202.11

Current through Register Vol. 46, No. 36, September 4, 2024

Section 2202.11 - Labor costs in excess of maximum base rent allowance

The administrator may make an appropriate adjustment of a maximum rent where he finds that the actual labor expenses incurred or to be incurred (pursuant to a collective agreement or other obligation actually entered into by the landlord) exceed the provision for payroll expenses in the currently applicable operating and maintenance expense allowance under section 2201.4 or 2201.5 of this Title. No adjustment pursuant to this section may be made within one year from the most recent adjustment in maximum rent pursuant to this section or section 2202.8 of this Part.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 2202.11