NYC Rent Board Approves Hikes
The Rent Guidelines Board voted Thursday to raise New York City’s rent-stabilized apartment rents to 4 percent for one-year leases and to 7.75 percent for two-year leases, a benchmark many landlords use in deciding all house rents.
In May, the board had proposed increases between 3.25 percent and 6.25 percent on one-year leases and between 5 percent and 9.5 percent increases for two-year leases. More than 1 million people live in rent-stabilized apartments.
This article appeared in print on page 4 of edition of Hamodia.
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