N.Y. Comp. Codes R. & Regs. tit. 9 § 2202.7
Current through Register Vol. 46, No. 45, November 2, 2024
The administrator may grant an appropriate adjustment of a maximum rent where he finds that the presence of unique or peculiar circumstances materially affecting the maximum rent has resulted in a maximum rent which is substantially lower than rents generally prevailing in the same area for substantially similar housing accommodations; provided that the adjustment shall not result in a maximum rent higher than the rents generally prevalent in the same area of substantially similar housing accommodations.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 2202.7