Rent Increases

How to Calculate RGBO #49 Vacancy Lease Increases

August 18, 2017    

If you sign a vacancy lease with a tenant between Oct. 1, 2017, and Sept. 30, 2018, the new order issued on June 27 by the Rent Guidelines Board (RGB)—RGBO #49—lets you collect the vacancy increases permitted under the Rent Regulation Reform Act of 1997 (RRRA).

Take 1.25% and 2% Rent Increases for Renewal Leases

July 27, 2017    

On June 27, 2017, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #49—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2017, through Sept. 30, 2018. This order represents the first...

How to Calculate RGBO #48 Vacancy Lease Increases

August 19, 2016    

If you sign a vacancy lease with a tenant between Oct. 1, 2016, and Sept. 30, 2017, the new order issued on June 27 by the Rent Guidelines Board (RGB)—RGBO #48—lets you collect the vacancy increases permitted under the Rent Regulation Reform Act of 1997 (RRRA).

HCR Simplifies Obtaining MCI Increases for Accessibility Ramps

August 19, 2016    

In May 2016, the New York State Homes and Community Renewal (HCR) issued a processing directive allowing applications for a rent increase for installing accessibility ramps as a major capital improvement (MCI). An MCI is a permanent increase in rent for a rent-stabilized or rent-controlled...

RGB Approves Back-to-Back One-Year Rent Freeze, Sets Two-Year Increase at 2 Percent

July 13, 2016    

On June 27, the Rent Guidelines Board (RGB) voted for a 0 percent increase on one-year leases, and a 2 percent increase on two-year leases. The nine-member board voted 7-0, with two abstentions from the members representing the interests of landlords, to approve a 0 percent increase on one-year...

DHCR Issues New Operational Bulletin on Individual Apartment Improvements

May 26, 2016    

When you make improvements, such as installing a new refrigerator or replacing flooring, to your rent-regulated apartments, you’re allowed an “Individual Apartment Improvement Rent Increase.” This increase is in addition to vacancy increases allowed by law or the regular annual...

RGB Releases 2016 Operating Cost, Affordability, Mortgage Reports

April 22, 2016    

The Rent Guidelines Board (RGB) is mandated by law to establish yearly rent adjustments for rent-stabilized apartments in New York City. The board holds an annual series of public meetings and hearings to consider research from staff and testimony from owners, tenants, advocacy groups, and...

How to Collect 2016–17 MBR Increases for Rent-Controlled Units

February 22, 2016    

The Division of Housing and Community Renewal (DHCR) recently updated its website with the necessary forms you have to fill out to start the process for increasing the rents of your rent-controlled apartments during the 2016-17 maximum base rent (MBR) cycle. Once you receive the orders of...

DHCR Releases Preliminary Standard Adjustment Factor for 2016–17 MBR Cycle

December 18, 2015    

The rents in rent-controlled apartments in New York City are governed by the Maximum Base Rent (MBR) system. This system is based on a mathematical formula for computing the maximum rent levels for each controlled apartment in the city. This theoretical MBR represents an approximation of the...

How to Calculate RGBO #47 Vacancy Lease Increases

July 30, 2015    

If you sign a vacancy lease with a tenant between Oct. 1, 2015, and Sept. 30, 2016, the new order issued on June 29 by the Rent Guidelines Board (RGB)—RGBO #47—lets you collect the vacancy increases permitted under the Rent Regulation Reform Act of 1997 (RRRA).

File High-Income Rent Deregulation Form by June 30

May 26, 2015    

If you have a tenant who’s paying a monthly rent of $2,500 or more for a rent-controlled or rent-stabilized apartment, it might be time to send out the second of two Division of Housing and Community Renewal (DHCR) forms that may eventually lead to deregulation of the apartment. If you...

RGB Releases 2015 Operating Cost and Affordability Reports

April 24, 2015    

The Rent Guidelines Board (RGB) is mandated by law to establish yearly rent adjustments for rent-stabilized apartments in New York City. The board holds an annual series of public meetings and hearings to consider research from staff and testimony from owners, tenants, advocacy groups, and...

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