New York A04334 mandates rent reductions for tenants in buildings with submetered utilities, and tasks the Division of Housing and Community Renewal.

New York A04334 amends the multiple dwelling law to require rent reductions for tenants in buildings with submetered utilities. These reductions must equal the amount of utility costs for which the tenant is responsible, if those costs were previously included in the rent. The Division of Housing and Community Renewal is directed to review standard and actual rent reductions within ninety days of the bill's effective date, and to require increases where necessary.

New York A04334 mandates rent reductions for tenants in buildings with submetered utilities, and tasks the Division of Housing and Community Renewal.

New York A04334 amends the multiple dwelling law to require rent reductions for tenants in buildings with submetered utilities. These reductions must equal the amount of utility costs for which the tenant is responsible, if those costs were previously included in the rent. The Division of Housing and Community Renewal is directed to review standard and actual rent reductions within ninety days of the bill's effective date, and to require increases where necessary.