Take 1.5% and 2.5% Rent Increases for Renewal Leases

On June 25, 2019, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #51—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2019, through Sept. 30, 2012. The board is mandated to establish fair rents for property owners and tenants. And the mayor appoints members to the board. The board is made up of two tenant representatives, two landlord representatives, and five members of the public with experience in housing or economics.