CENTRAL PARK GARDENS TENANTS' ASSOCIATION
Contacts for the Building, Stellar, the Tenant Association
Laws we need from Albany
Sunday, June 23, 2013
RGB votes highest increase since 2008 for rent stabilized lease renewals
Rent Guidelines Board
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.