RGB Proposes Lease Renewal Adjustments

RGB Proposes Lease Renewal Adjustments



On April 30, the Rent Guidelines Board (RGB) voted on preliminary numbers for increasing rent-stabilized rents. The board voted for rent hikes of between 3.25 and 6.25 percent on one-year renewal leases and increases of between 5.0 percent and 9.75 percent for two-year renewal leases.

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