Glossary of Terms
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Glossary of Terms |
| Amortization | Principal Payment on Mortgage |
| "A" & "B" Violations | HPD Code Enforcement Violations for Minor Repair Items (Painting, Smoke Detectors, Etc.) |
| "C" Violations | HPD Code Enforcement Violations for Major Rent Impairing Repair Items (Heat, Hot Water, Etc.) |
| D.H.C.R. | Division of Housing and Community Renewal - A NYS agency that governs all Rent Regulated Apartments in New York State |
| D.E.P. | Dept. of Environmental Protection |
| D.F.T.A. |
Dept. for the Aging - Administrates SCRIE Program |
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D.O.B. |
Dept. of Buildings |
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D.O.F. |
Dept. of Finance |
| D.O.H. |
Dept. of Health |
| D.O.T. |
Dept. of Transportation |
| D.S.S. | Dept. of Social Services |
| E.A.R.P. | Emergency Assistance Relocation Program |
| E.C.B. | Environmental Control Board |
| Escrow | Funds Held by Lender for Payment of Taxes, Insurance, Etc. |
| ETPA / 1974 | Emergency Tenant Protection Act of 1974 |
| F.C.A. | Fuel Cost Adjustment - (Rent Control) |
| H.P.D. | Dept. of Housing Preservation & Development |
| H.R.A. | Human Resources Administration |
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J-51 |
Real Estate Tax Abatement for Substantial Renovation of Rental Properties |
| LL 62 /91 | NYC Local Law 62 of 1991 Requiring Boiler Inspections (Fines for Non-Compliance are $500 to $1,500 per year) |
| LL 4 /94 | Local Law 4 of 1994 (Luxury Decontrol) |
| LL 11 /98 | NYC Local Law 11 of 1998 (Updates LL 10/80) Requiring Inspection of Exterior Walls of Buildings over Six Stories High |
| LL 38 /99 | NYC Local Law 38 of 1999 Requiring Landlords to Give Tenants Annual Notice Regarding Lead Paint |
| L.P.C. | Landmarks Preservation Commission |
| M.B.R. |
Maximum Base Rent - (Rent Control) |
| M.C.I | Major Capital Improvement |
| M.C.R. | Maximum Collectible Rent - (Rent Control) |
| M.D.R. | Multiple Dwelling Registration |
| N.Y.C.H.A. | NYC Housing Authority |
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OHA /83 |
Omnibus Housing Act of 1983 |
| O.M.E.S.C. | Operation Maintenance & Essential Services Certification |
| P.A.R. | Petition for Administrative Review |
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R.C. |
Rent Control |
| R.G.B. | Rent Guidelines Board |
| R.P.I.E. | Real Property Income & Expense (Filing) |
| RRRA /93 | Rent Regulation Reform Act of 1993 |
| RRRA /97 | Rent Regulation Reform Act of 1997 |
| R.S. | Rent Stabilization |
| R.S.A. |
Rent Stabilization Association |
| S.C.R.I.E. | Senior Citizen Rent Increase Exemption |
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Sec. 8 |
Section 8 (Housing Assistance) |
| Vac. Dec. | Vacancy Decontrol |
| 421a | Real Estate Tax Abatement for New Construction |