2006 New York Code - Effect Of Reclassification Of Dwelling Units.



 
    §   26-605.1   Effect   of   reclassification   of   dwelling   units.
  Notwithstanding the provisions of this chapter, chapter three or chapter
  four of this title, when a dwelling unit  subject  to  this  chapter  is
  later  reclassified by order of the commissioner, the supervising agency
  or by any other governmental agency supervising such dwelling  unit,  or
  by  operation of law to a dwelling unit subject to any of the provisions
  of article II,  IV,  V  or  XI  of  the  private  housing  finance  law,
  regulation  under  chapter  four  of  this title or the emergency tenant
  protection act of nineteen seventy-four, or when a dwelling unit subject
  to regulation under such act, chapter four  or  chapter  three  of  this
  title  is  reclassified  by order of the commissioner or the supervising
  agency or by operation  of  law  to  a  dwelling  unit  subject  to  the
  provisions of article II, IV, V or XI of the private housing finance law
  or  subject  to  a  mortgage insured or initially insured by the federal
  government pursuant to section two  hundred  thirteen  of  the  national
  housing  act,  as  amended,  a head of the household who held or holds a
  valid rent increase exemption order/tax  abatement  certificate  at  the
  time  of  the reclassification shall be issued a rent increase exemption
  order under this chapter or chapter four of this title,  as  applicable,
  continuing  the  previous exemption notwithstanding the reclassification
  of the dwelling unit.

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