Apartment/Loft Guidelines Order No. 44 and Hotel Guidelines Order No. 42

Adopted Rules: Closed to Comments

Agency:
Effective Date: 
Monday, October 1, 2012

 

STATEMENTOF BASIS AND PURPOSE

 

TheRentGuidelinesBoardisauthorizedtopromulgaterentguidelinesgoverningapartment unitssubjecttotheRentStabilizationLawof 1969, asamended,andtheEmergencyTenant ProtectionActof 1974, asamended.Thepurposeof theseguidelinesistoimplementthe publicpolicysetforthinFindingsandDeclarationof Emergencyof theRentStabilization Lawof 1969 (§26-501 of theN.Y.C.AdministrativeCode)andintheLegislativeFinding containedintheEmergencyTenantProtectionActof 1974 (L.1974c.576, §4 [§2]).

 

TheRentGuidelinesBoardisalsoauthorizedtopromulgaterentguidelinesfor loftunits subject toSection286 subdivision7 of theMultipleDwellingLaw.Thepurposeof theloft guidelinesistoimplementthepublicpolicysetforthintheLegislativeFindingsof Article7-C of theMultipleDwellingLaw(Section280).