Prohibits the collection of rent arrearages before approval of a rent adjustment due to major capital improvements.

This bill amends the Emergency Housing Rent Control Law and the Emergency Tenant Protection Act of 1974 to prohibit the collection of rent arrearages that accrue before the approval of an application for an adjustment in the legal regulated rent based on a major capital improvement. The adjustment becomes effective upon approval of the application, and no increase can be collected for the period before the approval.

Prohibits the collection of rent arrearages before approval of a rent adjustment due to major capital improvements.

This bill amends the Emergency Housing Rent Control Law and the Emergency Tenant Protection Act of 1974 to prohibit the collection of rent arrearages that accrue before the approval of an application for an adjustment in the legal regulated rent based on a major capital improvement. The adjustment becomes effective upon approval of the application, and no increase can be collected for the period before the approval.