Int 0139-2002

Be it enacted by the Council as follows: Section one. Section 26-530 of chapter six of title twenty-six of the administrative code of the city of New York is hereby amended by re-lettering subdivision c. to read subdivision d. and by adding thereto a new subdivision c. to read as follows: c. No application or motion for an increase in the maximum rental per room shall be entertained or acted upon hereunder if the number of vacancies in a building containing such dwellings exceeds five percent of the total number of dwelling units for a period of more than thirty days during the previous two years. A unit shall not be counted as vacant if the owner in good faith offers to the public to rent all vacant dwelling units at a rent no greater than the rent authorized by the "supervising agency." An owner may apply to the "supervising agency" for one 120-day exemption for a dwelling unit from the vacancy restriction and the requirement to offer for rent in order to substantially rehabilitate or renovate such dwelling unit. �2. This local law shall take effect immediately.