Bill > A10644

This bill increases the fine for landlords who fail to file rent registration statements on time, doubling it from five hundred dollars to one thousand dollars per unregistered unit for each month the registration is late. Rent registration statements are required by laws like the Administrative Code of the City of New York and the Emergency Tenant Protection Act of 1974 to track rent-regulated apartments. The State Division of Housing and Community Renewal (DHCR) will impose these fines after notifying the landlord of the delinquency, and these fines can be enforced like a court judgment. This change aims to ensure landlords comply with rent registration requirements, which are crucial for maintaining rent stability and protecting tenants.