Q&A on Rent-Regulated Garage Spaces

If you own or manage a rent-regulated building with garage spaces that are also covered under rent control or rent stabilization, you must be careful when you rent those garage spaces to tenants. You can’t increase the rents of those garage spaces by more than the allowable rent control increases or the applicable Rent Guidelines Board Order (RGBO) increases. And once you start providing a garage space, it becomes a required service that you can’t stop providing.

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