Get Commercial Expansion Program (cep) Faq - Nyc.gov

Filling out the Commercial Expansion Program (CEP) FAQ can be a straightforward process with the right guidance. This guide provides step-by-step instructions to help you successfully navigate the form online.

Follow the steps to complete the CEP FAQ form online.

1. Press the ‘Get Form’ button to access the document and open it in your designated editor.
2. Carefully review the FAQ content related to the types of expenditures that qualify for the program. Make note of the eligible permanent, capital improvements, and ensure your claims meet these requirements.
3. Examine the information about common area investments. Ensure that you only claim eligible expenditures and remember that these can be claimed no earlier than three years before your lease commencement date.
4. Check if your lease includes any 'out-clause' stipulations. Make sure to follow the guidelines for eligibility concerning these clauses, as certain exceptions apply.
5. Verify that your building qualifies under the pre-1999 requirement. Ensure that your building's certification aligns with the eligibility criteria outlined in the FAQ.
6. Review how benefits are calculated and ensure you have access to the benefits summary available on the CEP homepage. This will help you understand what is expected from your landlord regarding tax credits.
7. If applicable, note the program's deadline. Applications must be postmarked within 180 days from the Lease Commencement date, so check your dates carefully.
8. Once you have filled out all necessary components, save your changes, and choose to download, print, or share the completed form as needed.

Take control of your application process and start filling out the CEP FAQ form online today!