New York A08084 amends the Emergency Tenant Protection Act of 1974 to limit initial regulated rents.
New York A08084 amends the Emergency Tenant Protection Act of 1974 to place limitations on initial regulated rents. The bill sets the initial legal regulated rents for housing accommodations in a city to not exceed the average rent for a comparable rent regulated housing accommodation. The initial rent for housing accommodations can be adjusted on application of the tenant. The bill also provides for cash refunds or credits for overcharges.
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