Bill > S02943

This bill aims to apply the Housing Stability and Tenant Protection Act of 2019 (HSTPA) to rent calculations and rent records maintenance and destruction for all rent-stabilized apartments in New York. The key provisions are: 1. The legal rent for all rent-stabilized apartments from July 1, 2019 onwards shall be determined in accordance with Part F of the HSTPA, even if the pre-HSTPA rent was previously determined by a court or administrative agency. However, any pre-HSTPA rent that is lower than the rent permitted under the HSTPA shall be deemed the lawful rent. 2. The HSTPA's rent calculation standards will be applied prospectively, including in cases where the pre-HSTPA rent has already been established, to prevent the perpetual collection of unlawful and inflated rents. 3. The bill codifies the pre-HSTPA law regarding the destruction of rent records and its impact on the prospective calculation of rents under the HSTPA, allowing for the presumption of reliability of properly registered apartments where records have been lawfully destroyed. 4. The bill aims to address the Division of Housing and Community Renewal's past misinterpretation of the rent stabilization law, which led to the unlawful deregulation of rent-stabilized apartments and the collection of rent overcharges.

Government Affairs, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2023/S2943