New York City Rent Guidelines Board

Rent Guidelines Order No. 33

For leases commencing between October 1, 2001 through September 30, 2002 

Renewal Guidelines 
One-year lease...............................4% 
Two-year lease...............................6% 

No Supplemental Adjustment

Vacancy Allowance 
Only as permitted by State statutory vacancy allowances: 
One-year lease..........................18% 
Two-year lease.........................20%  
Vacancy allowance for sublets..............................10% 

No Minimum Rent

Special Guideline For Decontrolled Units Entering Stabilization 
Maximum Base Rent + 150% + fuel adjustment; or,  
the appropriate Fair Market Rent for Section 8 housing as established by  
HUD for the New York City PMSA adjusted for gas and electric charges, whichever is greater.