New York S01058 mandates rent reductions for tenants in buildings with submetered utilities and requires the Division of Housing and Community.

New York S01058 amends the multiple dwelling law to require rent reductions for tenants in buildings with submetered utilities. The reduction must equal the amount tenants are required to pay for these utilities. The Division of Housing and Community Renewal is directed to review the standard and actual rent reductions for submetered properties, requiring increases where necessary. Additionally, the division must develop a process for tenants to appeal their rent reduction if it does not accurately reflect the amount they are required to pay for submetered utilities.

New York S01058 mandates rent reductions for tenants in buildings with submetered utilities and requires the Division of Housing and Community.

New York S01058 amends the multiple dwelling law to require rent reductions for tenants in buildings with submetered utilities. The reduction must equal the amount tenants are required to pay for these utilities. The Division of Housing and Community Renewal is directed to review the standard and actual rent reductions for submetered properties, requiring increases where necessary. Additionally, the division must develop a process for tenants to appeal their rent reduction if it does not accurately reflect the amount they are required to pay for submetered utilities.