Rent Guidelines Board Votes to Increase Rents
There are nearly 1 million rent stabilized apartments, including mine.
According to WNYC: “The board, by a vote of 5-4, approved raises of 2 percent or $20 for one-year leases and a 4 percent or $40 for two-year leases. Individual raises in rent depend on whichever number is greater>”
This will impact renters signing or renewing leases in October 2012.
Illustration from http://thechadlaneteam.wordpress.com/