On June 23, 2014, the New York City Rent Guidelines Board (RGB) issued an order—RGBO #46—setting the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2014, through Sept. 30, 2015.
If you own a building with more than 35 apartments, you pay a building employee extra to make improvements to an apartment, and the employee does the work outside normal working hours, you can collect a monthly rent increase amounting to 1/60th of what you pay the employee. The increase bumps up...
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).
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...
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...
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...
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...
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).
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...
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...
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...
