Pursuant to the Omnibus Housing Act of 1983 (OHA) (L. 1983, ch. 403), the Legislature amended Rent Stabilization Law (RSL) §26-516(a) to impose a four-year statute of limitations on rent overcharge claims. The section provided that the base rent for purposes of calculating subsequent rent increases would no longer be the rent charged on the date the apartment first became stabilized, but would instead be “the rent indicated in the annual registration statement filed four years prior to the most recent registration statement…”
Consistent with the four-year statute of limitations, the Legislature, also pursuant to the OHA, added § 26-516(g) to the RSL, which limited an owner’s recordkeeping obligations to four years.
