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- NY Loft Board Coverage Application 2019
Get NY Loft Board Coverage Application 2019-2024
Coverage Application 280 Broadway, 5th Floor New York, New York 10007 nyc.gov/loftboard TEL: (212) 3932616 FAX: (646) 5006169INSTRUCTIONS Use this application to file for coverage of a unit under.
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Applicant FAQ
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Article 7-C of the New York Multiple Dwelling Law, commonly known as the 1982 Loft Law, was designed to protect the residential tenants of certain former commercial buildings in New York City from substandard conditions, eviction, and unfair rent increases.
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Article 7-C of the New York Multiple Dwelling Law, commonly known as the 1982 Loft Law, was designed to protect the residential tenants of certain former commercial buildings in New York City from substandard conditions, eviction, and unfair rent increases.
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The Loft Law establishes a comprehensive framework for the conversion of IMD buildings to safe residences and compels landlords to bring these spaces up to the minimum standards of the New York City Building Code for residential occupancy, i.e., to legalize the buildings.
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The Loft Law allows an Owner to increase the rent for an IMD unit when the Owner achieves a legalization milestone. The amount of the increase depends on when the Owner achieved the milestone. The amount is a percentage of the rent the tenant paid on the effective date of the law, including any escalations.
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In New York City, the term “Loft Apartment” refers to an apartment in a building originally built for commercial, manufacturing, or warehouse use and was later converted into apartments.
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The Loft Law establishes a comprehensive framework for the conversion of IMD buildings to safe residences and compels landlords to bring these spaces up to the minimum standards of the New York City Building Code for residential occupancy, i.e., to legalize the buildings.
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