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New York City Rent Guidelines Board Rent Guidelines Order No. 37
For leases commencing between October 1, 2005 through September 30, 2006
Renewal Guidelines – Owner Provides Heat: One-year lease...............2.75% Two-year lease...............5.5%
Renewal Guidelines – Tenant Pays For Heat: One-year lease..................2.25% Two-year lease................ 4.5%
No Supplemental Adjustment.
Vacancy Allowance: Only as permitted by State statutory vacancy allowances*: One-year lease........17.25% (17.75% if tenant pays for heat) Two-year lease................20% Vacancy allowance for sublets........10% *See page 9 of July/August 2005 RSA Reporter for State statutory vacancy allowance calculations.
Special Guideline For Decontrolled Units Entering Stabilization: 50% Above Maximum Base Rent; or, the appropriate Fair Market Rent for Section 8 housing as established by HUD for the New York City PMSA adjusted for gas and electric charges, whichever is greater. |
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Rent Stabilization Association of NYC, Inc.
123
William Street New York, NY 10038-3804 Tel: (212) 214-9200 Fax: (212) 732-0618