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S03741 Summary:
| BILL NO | S03741 |
| SAME AS | SAME AS A05502 |
| SPONSOR | ESPAILLAT |
| COSPNSR | DILAN, HAMILTON, HASSELL-THOMPSON, HOYLMAN, KRUEGER, PARKER, PERALTA, PERKINS, SANDERS, SERRANO, SQUADRON |
| MLTSPNSR | |
| Amd SS26-511 & 26-405, NYC Ad Cd; amd SS10 & 6, Emerg Ten Prot Act of 1974; amd S4, Emerg Hous Rent Cont L | |
| Limits the rent increase after vacancy of a housing accommodation by eliminating the twenty percent increase for vacant rent stabilized apartments; requires landlords to include an itemized cost accounting of all improvements claimed as part of such increase and copies of the corresponding receipts with the lease agreement to the new tenant; caps the increase in rent allowable to owners for individual apartment improvements to twenty percent of the current rent. | |