New York City Rent Guidelines Board

Rent Guidelines Order No. 38

For leases commencing between October 1, 2006 through September 30, 2007

Renewal Guidelines – Owner Provides Heat:

One-year lease...............4.25%

Two-year lease...............7.25%

Renewal Guidelines – Tenant Pays For Heat:

One-year lease..................3.75%

Two-year lease................ 6.75%

No Supplemental Adjustment.

Vacancy Allowance:

Only as permitted by State statutory vacancy allowances:

One-year lease........17%

Two-year lease................20%

Vacancy allowance for sublets........10%

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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