Bill > S04099

This bill modifies several New York City rent control and rent stabilization laws to provide tenants in multiple dwellings with six or more units new rights regarding major capital improvement (MCI) rent increase inspections. Specifically, the bill requires landlords to allow licensed professional engineers or registered architects hired by tenants or tenant associations to conduct inspections of proposed major capital improvements for which a rent increase application has been filed. These inspections must be conducted after giving the landlord notice and during normal business hours, and tenants will be permitted to file the inspection reports with the city rent agency or state housing agency for consideration in evaluating the rent increase application. The bill maintains existing provisions about how MCI rent increases are calculated, such as limiting increases to two percent per year and amortizing improvement costs over 12 or 12.5 years depending on the building's size. The changes aim to provide tenants with more transparency and input into the process of approving rent increases for building improvements, ensuring they can independently verify the necessity and quality of proposed major capital improvements before potential rent hikes are implemented.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S4099