Instructions for Form RA-79 Owner's Application for Rent Increase Based on Major Capital Improvements - New York

This document contains official instructions for Form RA-79 , Owner's Application for Rent Increase Based on Major Capital Improvements - a form released and collected by the New York State Homes and Community Renewal.

FAQ

Q: What is Form RA-79?A: Form RA-79 is an application for rent increase based on major capital improvements in New York.

Q: Who can use Form RA-79?A: The form is used by property owners to apply for a rent increase after making major capital improvements to their property.

Q: What are major capital improvements?A: Major capital improvements refer to significant renovations or upgrades that enhance the value or functionality of a rental property.

Q: How does Form RA-79 work?A: Property owners must complete Form RA-79, including details of the improvements made and the associated costs. The form is then submitted to the appropriate governing authority for review.

Q: Is a rent increase guaranteed with Form RA-79?A: A rent increase is not guaranteed. The governing authority will review the application and determine if the improvements qualify for a rent increase.

Q: Are there any restrictions on rent increases based on major capital improvements?A: Yes, there are restrictions on the amount and timing of rent increases. The governing authority will assess the application and determine the allowable increase.

Q: Are there any filing fees for Form RA-79?A: Filing fees may vary depending on the governing authority. Check with the appropriate agency for the current fee requirements.