Results tagged “renthikes”

Last night, the Rent Guidelines Board voted to raise rents for rent-stabilized apartments: 3% for one-year leases and 6% for two-year leases. NY1 reports, "For tenants who have lived in their building for six or more years, the increase will be either $30 or $60, whichever is more."

Yes, it's that time again, when the Rent Guidelines Board will decide by how much they will raise rents for rent-stabilized apartments in the city. The board held its final meeting at Cooper Union yesterday (they are usually noisy), and the Daily News reports it "has adopted preliminary guidelines of hiking rents 2% to 4.5% for one-year renewals and 4% to 7.5% for two-year renewals that start on or after Oct. 1."