Rent guidelines board approves rent hikes for tenants; will start Tuesday
The Rent Guidelines Board approved rent hikes for one-year leases to go up by 2.75%, and 5.25% for two-year leases.
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Rent hikes will kick in in for tenants starting on Tuesday.
The Rent Guidelines Board approved rent hikes for one-year leases to go up by 2.75%, and 5.25% for two-year leases.
Back in June, the Rent Stabilization Association told News 12 the need for higher rent adjustments is for, "...skyrocketing property taxes and insurance premiums, and the costly renovations and upkeep required by aging rent-stabilized buildings at or approaching the century mark."
"Having to absorb another significant rent increase for a third year in a row, will be devastating for many households," says Adán Soltren, a tenant member of the RGB.
Check the links below to see if your apartment will be impacted by these new rent hikes:
