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NYC Rules of the City of New York

§ 26-07 — New Rent.

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What is NYC RCNY § 26-07?

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The Commercial Rent Restructuring Committee shall determine the fair market rent of each commercial tenant, other than governmental tenants or community gardens, as determined by HPD. Such fair market rent shall be the new rent for the commercial unit.

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

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§ 26-07 New Rent.

RCNY § 26-07

The Commercial Rent Restructuring Committee shall determine the fair market rent of each commercial tenant, other than governmental tenants or community gardens, as determined by HPD. Such fair market rent shall be the new rent for the commercial unit. The new rent for qualified not-for-profit organizations shall be 50 percent of the fair market rent. The rent for governmental tenants shall be the cost of operation of the unit.

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