N.Y. Comp. Codes R. & Regs. Tit. 9 §§ 1727-3.3

Current through Register Vol. 46, No. 45, November 2, 2024

Section 1727-3.3 - Rent entered on lease

(a) Rent entered on the lease form shall be actual rent, including surcharges if any, being assessed tenant or cooperator at time lease is signed. Any later increase or decrease from this actual rent resulting from either a change in tenant's or cooperator's income or a duly authorized general rent increase, shall be in accordance with the requirements of this Chapter.

(b) In the event a two-stage increase in rents or carrying charges has been granted, one or both of which stages are not yet in effect, the housing company shall so notify the prospective tenant or cooperator, in writing, prior to the signing of the occupancy or lease agreement. The notice shall detail the revision of rent or carrying charges, and the effective date or dates thereof.