DHCR Increases A/C Rent Surcharge for 2014-15

The Division of Housing and Community Renewal (DHCR) recently announced an increase in this year’s air-conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $36.63, up from $27.89 last year. This year’s 31 percent increase reflects an 8.5 percent increase in electrical costs and an 8.4 percent increase in the utilities component of the Price Index of Operating Costs as calculated by the Rent Guidelines Board and published in their research reports.

Full Article Access:

Full access to complete articles from New York Apartment Law Insider is for subscribers only.

Not yet ready to subscribe?