New York City Rent Guidelines Board
Rent Guidelines Order No. 41
For leases commencing between October 1, 2009 through September 30, 2010
|
RENEWAL GUIDELINES : |
Owner provides heat:
One-year lease...................3%
Two-year lease...................6%
Minimum: One-year lease..............$30*, Two-year lease..............$60*
Tenant provides heat:
One-year lease...................2.5%
Two-year lease...................5%
Minimum: One-year lease..............$25*, Two-year lease..............$50*
*(Minimum rent applies if no vacancy lease in last 6 years.)
|
VACANCY ALLOWANCE: |
Only as permitted by State statutory vacancy allowances:
One-year lease...................17%
Two-year lease...................20%
Vacancy allowance for sublets........10%
(See the RSA Reporter page 6 for statutory vacancy allowance and page 5 renewal guidelines calculations.) |
STABILIZED LOFT RENEWAL GUIDELINES: |
Lease Renewals:
For one-year lease……….3%
For two-year lease……….6% |
HOTEL RENT ADJUSTMENTS: |
October 1, 2009 shall be:
Residential Class A (apartment) hotels…….0%
Lodging houses…...................................…….0%
Rooming houses (Class B buildings containing
less than 30 units) ……....................................0%
Class B hotels…......................................…….0%
Single Room Occupancy buildings
(MDL section 248 SRO’s) ……...................…0%
|
Special Guideline For Decontrolled Units Entering Stabilization: |
Whichever is greater: 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. |
