Rule status: Adopted
Effective date: October 1, 2021
Proposed Rule Full Text
Adopted Rule Full Text
Adopted rule summary:
ADJUSTMENT FOR LEASES (APARTMENTS)
Together with such further adjustments as may be authorized by law, the annual adjustment for leases for apartments shall be:
For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first 6 months of the lease and 1.5% for the remaining 6 months of the lease.
For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
ADJUSTMENTS FOR LOFTS (UNITS IN THE CATEGORY OF BUILDINGS COVERED BY ARTICLE 7-C OF THE MULTIPLE DWELLING LAW)
The Rent Guidelines Board adopts the following levels of rent increase above the "base rent," as defined in Section 286, subdivision 4, of the Multiple Dwelling Law, for units to which these guidelines are applicable in accordance with Article 7-C of the Multiple Dwelling Law:
For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first 6 months and 1.5% for the remaining 6 months.
For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
RENT GUIDELINES FOR HOTELS, ROOMING HOUSES, SINGLE ROOM OCCUPANCY BUILDINGS AND LODGING HOUSES
Pursuant to its mandate to promulgate rent adjustments for hotel units subject to theRent Stabilization Law of 1969, as amended (§26-510(e) of the N.Y.C AdministrativeCode), the Rent Guidelines Board hereby adopts the following rent adjustments:
The allowable level of rent adjustment over the lawful rent actually charged and paid on September 30, 2021 shall be:
1) Residential Class A (apartment) hotels - 0%
2) Lodging houses - 0%
3) Rooming houses (Class B buildings containing less than 30 units) - 0%
4) Class B hotels - 0%
5) Single Room Occupancy buildings (MDL section 248 SRO's) - 0%
Comments are now closed.
Online comments: 4
Re: Rent Succession moving back in with an elderly 93 yr old parent during covid since last yr. Jan. 2020 will the rent go up?..If, the parent dies? Will child non disabled/Working person be considered a new tenant or will rent remain the same for a 2 yr lease? … If a parent dies before the 2 yrs or after filing a rent succession notice/Notarized? What percentage …Will the rent go up? If you live in a rent controlled or Rent stabilized apartment since the 70’s ..How much can the landlord raise the rent?
Michael R. Murray
1) We need audited data on landlord’s expenses and their incomes; decisions based on anything less are apt to reflect both overstated expenses and understated incomes.
2) Unrealized appreciation on residential properties should be considered when determining whether landlords need rent increases. Unrealized appreciation is an increase in wealth, and landlords frequently borrow against the value of their properties because associated interest payments help minimize their income taxes.
3) We need better safeguards against landlord’s paying inflated amounts for improvements and repairs because they are allowed to earn a rate of return on those costs even when inflated.
4) We need safeguards against landlords making so-called improvements that don’t actually improve the quality of tenants’ homes.
5) We need assurances that the full amount of pandemic-related benefits available to landlords will be taken into account when determining any rent adjustments.
6) The income limits for senior citizen rent freezes in New York City are unrealistically low — many, many senior citizens with incomes about the current limit cannot afford food, medicine, and of course, their rent.
7) New Yorkers living in rent stabilized apartments need rent rollbacks. Landlord’s should not be granted rent increases because people and businesses fleeing high city rents have led to vacancies that reduce non-regulated rents.
Marcy Avenue Tenants Association
In receive years, we have to place a petition not to pay for an elevator that has been neglected for years. In 2018, the elevator was renovated(shut down for 8 weeks); once it was replaced and then breaks down, the landlord still charged us as part of an MCI bill. The tenants even petitioned the matter to DCHR and got a reduction. However, the landlord continues to petition to have the rent increase reinstated, and we have to prove to DCHR again that the elevator keeps breaking down. Also, when tenants request to replace broken appliances (refrigerator, stove, sink, etc.), we receive a used model or get charged for a new one added to our monthly rent. A few of our tenants are long-term rent-stabilized/controlled on a fixed income and can not afford the rising costs of our apartments. We lived, worked, and invested in our community, but we should not be treated.
John T. Maher
See attachment. Do not raise the rents!Comment attachment