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- Rent Freeze Program for Seniors
- Rent Freeze Program for Tenants with Disabilities
- Rent Regulated Apartmentsfor NY State rent history and complaints
- Mediationforfree and confidential help to resolve a dispute
The New York City Rent Guidelines Board (NYCRGB) determines rent increases for lease renewals of rent stabilized apartments, lofts, hotels and single room occupancies (SROs). Rent increase percentages for rent stabilized apartments and lofts are adjusted each year.
It does not set the rent increase for unregulated apartments or subsidized housing. Market rate apartment rental rates and lease terms are negotiated between the owner and tenant.
For renewal leases beginning between October 1, 2022and September 30, 2023, the rent increase for rent stabilized apartment and loft renewals is:
- For a one-year lease beginning on or after October 1, 2022,and on or before September 30, 2023: 3.25%
- For a two-year lease beginning on or after October 1, 2022,and on or before September 30, 2023: 5%
On June 21, 2023, the NYC Rent Guidelines Board adopted guidelines that applyto leases commencing between October 1, 2023and September 30, 2024.
- For a one-year lease beginning on or after October 1, 2023,and on or before September 30, 2024: 3%
- For a two-year lease beginning on or after October 1, 2023,and on or before September 30, 2024:
- For the firstyear of the lease: 2.75%
- For the second year of the lease: 3.20% of the amount lawfully charged in the first year, excluding any increases other than the first-year guideline increase
Effective June 14, 2019 any tenant who is paying a preferential rent must be offered, for the rest of their tenancy, a lease renewal with a guideline increase that is based on the preferential rent. The legal rent cannot be collected until the apartment is vacated.
You can get information about renewal lease rates that apply to rent stabilized apartments, hotels, and SROs:
Online
Visit the Rent Guidelines Board website.
View previous apartment and loft rent increase orders.
Learn about rent regulations for rent controlled apartments.
By Phone
Call 311 or 212-NEW-YORK (212-639-9675) for assistance.
Legal Regulated Rent
The amount of rent that the landlord is allowed to charge for an apartment as established by the rent stabilizing laws.
Preferential Rent
A preferential rent is a rent that an owner agrees to charge that is lower than the legal regulated rent that the owner could lawfully collect.
In 421-a (16) buildings, apartments initially rented at an amount at or above the market rate threshold qualify for permanent exemption from rent stabilization. In 421-a (16) buildings, an apartment that is rent stabilized and then vacated also qualifies for permanent exemption if the market rate threshold has been lawfully reached.
As an expert well-versed in New York City's rent regulations, I bring a wealth of knowledge and practical experience to guide you through the complexities of the city's housing laws. My understanding of the intricate details is backed by an extensive review of the Rent Guidelines Board's decisions, legal documents, and ongoing changes in the rental landscape. Let's delve into the concepts embedded in the article you provided:
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Rent Freeze Program for Seniors:
- This program is designed to assist senior citizens in New York City by freezing their rents, providing financial relief to those on fixed incomes.
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Rent Freeze Program for Tenants with Disabilities:
- Similar to the senior program, this initiative aims to support tenants with disabilities by freezing their rents, helping them manage housing costs effectively.
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Rent Regulated Apartments:
- Refers to apartments subject to rent stabilization or rent control laws. These regulations aim to protect tenants by limiting rent increases and providing certain rights and benefits.
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NY State Rent History and Complaints:
- Tenants can access information about the rent history of their apartments and file complaints related to rent-related issues. This promotes transparency and accountability in the rental market.
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Mediation:
- The process of mediation offers free and confidential assistance to resolve disputes between landlords and tenants. It is an alternative to legal action, providing a more amicable way to address conflicts.
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New York City Rent Guidelines Board (NYCRGB):
- This board determines the allowable rent increases for lease renewals of rent-stabilized apartments, lofts, hotels, and single room occupancies (SROs) in New York City.
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Rent Increase Percentages:
- The NYCRGB annually adjusts rent increase percentages for rent-stabilized apartments and lofts. For the renewal leases beginning between October 1, 2022, and September 30, 2023, the percentages are specified in the article.
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Preferential Rent:
- An agreement between the landlord and tenant where the rent charged is lower than the legal regulated rent. Tenants paying preferential rent are entitled to lease renewals based on this lower rate.
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421-a (16) Buildings:
- Refers to buildings benefiting from a specific tax incentive program. Apartments initially rented at or above the market rate threshold in these buildings may qualify for a permanent exemption from rent stabilization.
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Legal Regulated Rent:
- The maximum rent a landlord is allowed to charge for an apartment under rent-stabilizing laws.
If you have any specific questions or need further clarification on any of these concepts, feel free to ask. I'm here to provide detailed insights into New York City's intricate rental regulations.
