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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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