The Rent Guidelines Board voted that rent stabilized tenants who renew their leases effective any time from Oct. 1, 2013 through September 30, 2013 must pay these increases:
For a 1-year lease renewal: 4% increase
For a 2-year lease renewal: 7.75% increase.
Since it appears the RGB's calculations are based on poor math, this is quite a hit. But it's a boon for the landlords.