NY A02063

Expands annual inspection requirements for major capital improvement rent increases from 25 percent of applications to all applications across four separate rent control and stabilization laws in New York City.

Requires the division to conduct individual inspections and document reviews to verify owners complied with legal obligations and that improvements were completed as described in applications.

Mandates in-person confirmation that capital improvements have been physically completed according to application specifications.

Changes inspection scope from temporary major capital improvement increases to all types of major capital improvement increases.

Takes effect immediately with provisions extending applicability as long as applicable rent control laws remain in effect.