New York A07757 sets new legal regulated rent for housing accommodations vacated after ten years of continuous tenancy or occupancy.

New York A07757 amends the administrative code to establish a new legal regulated rent for housing accommodations that have been vacated after continuous tenancy or occupancy of ten years or more. The new rent must be agreed upon by the owner and the first tenant after restoration and documented in a lease or rental agreement. This new rent cannot exceed the Section 8 voucher payment standard for units of the same size and zip code.

New York A07757 sets new legal regulated rent for housing accommodations vacated after ten years of continuous tenancy or occupancy.

New York A07757 amends the administrative code to establish a new legal regulated rent for housing accommodations that have been vacated after continuous tenancy or occupancy of ten years or more. The new rent must be agreed upon by the owner and the first tenant after restoration and documented in a lease or rental agreement. This new rent cannot exceed the Section 8 voucher payment standard for units of the same size and zip code.