All signs are pointing to a rent freeze when the Rent Guidelines Board (RGB) convenes this Monday (June 23) to vote on the percentage increase that building owners of 1 million rent-stabilized apartments in the five boroughs can charge their tenants on one- and two-year leases.
Rent Guidelines Board
TODAY’S FORECAST: Tuesday: A mix of clouds and sun. High 69. Winds NW at 10 to 20 mph. Tuesday Night: Mostly clear. Low 46. Winds NNW at 10 to 20 mph.
The city’s Rent Guidelines Board voted Thursday to increase rents on rent-stabilized apartments by 4 percent for one-year leases and 7.75 percent for two-year leases. The increases will apply to renewal leases commencing on or after October 1, 2013 and on or before September 30, 2014. The hikes are reportedly the highest rate increases since 2008. RECOMMENDED STORIES Lawsuit [...]