New York A07214 sets a 120-day limit for submitting documentation for major capital improvements.

New York A07214 amends the administrative code of New York City and the emergency tenant protection act of 1974 to limit the time for submitting documentation for major capital improvements to 120 days. This applies to landlords and property owners seeking increases for major capital improvements. The bill also sets criteria for the commissioner to act on applications for increases in excess of the fair rent increase level, including hardship applications and completed building-wide major capital improvements.

New York A07214 sets a 120-day limit for submitting documentation for major capital improvements.

New York A07214 amends the administrative code of New York City and the emergency tenant protection act of 1974 to limit the time for submitting documentation for major capital improvements to 120 days. This applies to landlords and property owners seeking increases for major capital improvements. The bill also sets criteria for the commissioner to act on applications for increases in excess of the fair rent increase level, including hardship applications and completed building-wide major capital improvements.