Starting October 1, landlords can implement these rent increases on any lease in a rent-stabilized unit as is comes up for renewal. The increases could affect 2 million New Yorkers.
Board Approves 3 25% Hike on Rent-Stabilized Apartments therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
The Rent Guidelines Board, which sets costs in about 1 million rent-regulated units, voted by a 5 to 4 margin on the proposal, which set rent increases between 2% and 4% for one-year leases, and between 4% and 6% for two-year rentals
A day after the New York City Rent Guidelines Board's decision, Adams repeated his view that with rising inflation, both tenants and small landlords need to be protected, suggesting that he believes an increase of some kind is in order.
Tenants of Isaac Kassirer Buildings Fight Deregulation Attempt therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.