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NYC Rules of the City of New York

§ 26-03 — Policy.

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What is NYC RCNY § 26-03?

Quick Answer

It is the policy and intention of HPD that commercial units within city-owned buildings be rented at fair market rents, and that commercial units rented to qualified not-for-profit organizations be rented at 50 percent of fair market rent. However, it is also HPD's policy to minimize the impact of rent restructuring on

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 26-03 Policy.

RCNY § 26-03

It is the policy and intention of HPD that commercial units within city-owned buildings be rented at fair market rents, and that commercial units rented to qualified not-for-profit organizations be rented at 50 percent of fair market rent. However, it is also HPD's policy to minimize the impact of rent restructuring on current tenants, by phasing in rent increases as set forth in these rules.

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