May an owner who failed to file for Fuel Cost Adjustments for past years, file for future adjustments?
Yes, an owner may file for future fuel cost adjustments; however, the past fuel cost adjustments are forfeited. May an owner who failed to file in 1989 for a Fuel Cost Adjustment, file in 1990 for the 1989 adjustment? No. To get a rent increase based upon price changes that occurred in 1988, the owner had to file in 1989. If the owner did not file in 1989, the fuel cost adjustment for 1989 is forfeited. Do Fuel Cost Adjustments granted in 1989 terminate at the end of 1989? No. These increases continue to be collectible, unless modified or revoked by order of the Rent Administrator. Any fuel cost adjustment for 1989 must be added to or subtracted from the 1980 through 1988 adjustments, known as the cumulative fuel cost adjustment. Is the Fuel Cost Adjustment retroactive? Fuel cost adjustments are retroactive to January 1st of each year provided the owner files the Report within 60 days after the fuel consumption and price change standards are released. For reports filed with DHCR after
