Tuesday, June 23, 2009

Rent Guidelines Board votes increases

For lease renewals whose starting date is any time from Oct. 1, 2009 through Sept. 30, 2010, the Rent Guidelines Board (RGB) has ordered an increase of
  • 3% for a 1-year lease renewal, and
  • 6% for a 2-year lease renewal.
The RGB provided higher "alternative" increases for those who have lived in their rent stabilized apartment for 6 years or more - but our building has not been rent stabilized for 6 years yet, so the "alternative" does not apply to anyone in this building.

If you recently renewed your lease and it will not expire before Oct. 1, 2009 and Sept. 30, 2010, this does not concern you.

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