§ 14-03 Interim Rent Increases.
RCNY § 14-03
(a)One or more interim rent increases may be necessary to raise rents to a level sufficient to cover the maintenance and operating expenses of a particular building during the period of City ownership and alternative management.
(b)The DAMP Lessee may prepare a request to the appropriate DAMP Program Director for an interim increase in the rent level per Room for Tenants of a particular building. If the DAMP Lessee fails to submit a request for an interim rent increase, the DAMP Program Director may propose an increase in the rents in accordance with the provisions of these rules.
(c)The DAMP Lessee or DAMP Program Director shall prepare a statement of the maintenance and operating expenses which form the basis for the rent increase, a history not to exceed the prior year of billing and collection of rents in the particular building and a current rent roll. The statement shall contain: (1) the past actual expenditures for maintenance and operation of a particular building for the period it has participated in a DAMP Program for a period not to exceed the prior year, including, but not limited to: the cost of fuel for heat and hot water, expenditures for common space utilities, repair and maintenance, supplies, insurance, and custodial services; and fees for management and professional services.
(2)a projection of maintenance and operating expenses of the particular building for a period of one (1) year following the effective date of the rent increase, including, but not limited to: the cost of fuel for heat and hot water; expenditures for common space utilities, repair and maintenance, supplies, insurance and custodial services; and fees for management and professional services to be rendered.
(3)a calculation of the rent required on a per room per month rate and per dwelling unit per month rate.
