Limits the time to submit documentation for major capital improvements to 120 days.
New York Senate Bill S03813 amends the administrative code of the city of New York to set a 120-day limit for submitting supporting documentation for major capital improvements. This bill aims to streamline the process for landlords and property owners seeking rent increases due to such improvements. The changes apply to both the administrative code and the emergency housing rent control law, ensuring consistency across relevant statutes.
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