Rent Increases

Collect Increase of 16.25% or 20% for Vacancy Leases

July 24, 2013    

If you sign a vacancy lease with a tenant between Oct. 1, 2013, and Sept. 30, 2014, the new order issued on June 20 by the Rent Guidelines Board (RGB)--RGBO #45--lets you collect the vacancy increases permitted under the Rent Regulation Reform Act of 1997 (RRRA).

Take 4% and 7.75% Rent Increases for Renewal Leases

June 21, 2013    

On June 20, 2013, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #45—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2013, through Sept. 30, 2014. This year the increases are...

File High-Income Rent Deregulation Form by June 30

May 20, 2013    

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...

How to Beat Five Common Challenges to MCI Rent Hikes

March 11, 2013    

When you apply to the Division of Housing and Community Renewal (DHCR) for a major capital improvement (MCI) rent hike, it’s likely that one or more of your tenants will challenge your right to the rent hike. Tenants may return an answer form, giving reasons why they think you’re not...

How to Get Rent Hike for Pointing/Waterproofing Work

March 11, 2013    

You can easily spend thousands of dollars for pointing and waterproofing work. If you make this substantial expenditure with an eye toward getting a major capital improvement (MCI) rent hike, you don’t want the Division of Housing and Community Renewal (DHCR) to deny your application based...

Collect Increase of 18% or 20% for Vacancy Leases

August 31, 2012    

If you sign a vacancy lease with a tenant between Oct. 1, 2012, and Sept. 30, 2013, the new order issued on June 21 by the Rent Guidelines Board (RGB)—RGBO #44—lets you collect the vacancy increases permitted under the Rent Regulation Reform Act of 1997 (RRRA).

Take 2% and 4% Rent Increases for Renewal Leases

July 30, 2012    

On June 21, 2012, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #44—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2012, through Sept. 30, 2013. As a result of the RGB's...

How to Collect 2012-13 MBR Increases for Rent-Controlled Units

February 27, 2012    

The Division of Housing and Community Renewal (DHCR) recently updated its Web site with the necessary forms you have to fill out to start the process for increasing the rents of your rent-controlled apartments during the 2012-13 maximum base rent (MBR) cycle. Once you receive the orders of...

How to Get Rent Increases for Apartment Improvements

June 21, 2010    

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