Form 8404 for Syracuse New York 2024-2025

Form 8404 for Syracuse New York: What You Should Know

TENANT FEES New York City has several rental market regulations governing private and public housing. One such regulation that applies to the IC-DISC involves the right of landlords to charge a tenant to cover a portion of the cost of their security deposit. In addition to the state, New York City adopted the following regulations for its City Housing Authority and the Housing Authority of Richmond County (the City Housing Authority). A. Rents for Housing With Rental Units of Less Than 30 Minutes In Most Cities Rents Ordered for Housing with Renting Units of Less Than 30 Minutes Within New York City, all rentals have a set rent of at least one and one half dollars and thirty-five cents (one and one-half) dollars of the first month's rent, as well as one and one-half percent (1½%) of the rent amount. The Board shall issue an order setting the standard rent as provided in this section not more often than quarterly within each year. If, however, the Board fails to set the standard rent within 90 days, the rent shall be determined by the market rental market as determined in accordance with this Chapter, except in the case (1) that the Board grants a request to set the standard rent without specifying the amount for which the rent is to be used, in which case the Board shall set the rent of the unit, except for the first month, (2) that a request is made to reduce the amount due for rent or make other adjustments to the rent on the basis of a material change in market conditions, in which case the Board shall reestablish the standard rent as set in this section, and (3) that the Board determines, by the effective date of this ordinance, that the prevailing market rent for any dwelling is higher than the amount set in this subsection, in which case the order shall set the standard rent that is the greater of the two amounts. In any event, the rent shall be set as set forth herein, and if the market rent for that dwelling on July 1 of the first year is higher than the last month's rent due, and if the housing authority does not set the standard rent as provided herein within 90 days after July 1, the housing authority may reduce the rent due the landlord in its determination of market rent. The rent for housing with renting units of less than 30 minutes is subject to a separate and distinct set of rules, pursuant to this chapter.

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