New York Rent Laws
CRRL Table of Contents

The City Rent and Rehabilitation Law [CRRL]

§ 26-414. Decontrol on basis of vacancy rate.

Whenever the city rent agency shall find, after making such
studies and investigations as it deems necessary for such
purpose, or for processing an application supported by adequate
proof filed by an interested party pursuant to regulation that
the percentage of vacancies in all or any particular class of
housing accommodations in the city, as such class is determined
by the city rent agency, is five per centum or more, the controls
imposed on rents and evictions by and pursuant to this chapter,
with respect to the housing accommodations as to which such
finding has been made, shall be forthwith scheduled for orderly
decontrol, with due regard to preventing uncertainty, hardship
and dislocation, by order of such agency; provided, however, that
notwithstanding any provision of this section to the contrary,
such agency shall not order the decontrol of any particular class
of housing accommodations as to which it shall find that the
percentage of vacancies is less than five per centum; provided,
further, that no such order shall be made unless such agency
shall hold a public hearing on such proposal at which interested
persons are given a reasonable opportunity to be heard. Notice of
such hearing shall be provided by publication thereof, on at
least five days during the period of fifteen days next preceding
the date of the commencement of such hearing, in the city record
and in at least two daily newspapers having general circulation
in the city.

Added by Laws 1985, Ch. 907, § 1, eff. Sept. 1, 1986.