Tuesday, July 1, 2025

Rent Guidelines Board increases for 2025-2026 lease renewals

LEASE RENEWALS 

FOR RENT-STABILIZED TENANTS


For a lease renewed any time from Oct. 1, 2025 through September 30, 2026: 

1-year lease renewal: 3% increase

2-year lease renewal: 4.5% increase

SCRIE and DRIE tenants get a higher “legal regulated rent” on their lease, but pay the same as they’ve been paying.

GOOD IDEA: If Zohran Mamdani wins the general election for mayor in November, take a 1-yearlease renewal. He’s promised to freeze the rent.