If your lease renewal goes into effect any time from October 1, 2012 through September 30, 2013, how much your BASE RENT will increase depends on what your current rent is.
If your current rent is $1000 or more, you will pay
- 2% increase for a 1-year lease renewal
- 4% increase for a 2-year lease renewal.
- $20 increase for a 1-year lease renewal
- $40 increase for a 2-year lease renewal.
NY 1 reports:
According to studies conducted by the Rent Guidelines Board, the majority of rent-stabilized tenants cannot afford their apartments.
According to studies conducted by the Rent Guidelines Board, the majority of rent-stabilized tenants cannot afford their apartments.
Market rate tenants, it's time to try to get your apartment back into rent stabilization! Click here for more information, and if you qualify, contact a member of the Executive Committee of the CPG Tenant Association for help.