New York City Rent Guidelines Board

Rent Guidelines Order No. 35

For leases commencing between October 1, 2003 through September 30, 2004 

Renewal Guidelines 
One-year lease...............................4.5% 
Two-year lease...............................7.5% 

No Supplemental Adjustment

Vacancy Allowance 
Only as permitted by State statutory vacancy allowances*: 
One-year lease..........................17% 
Two-year lease.........................20%  
Vacancy allowance for sublets..............................10%  
*See page 9 of July/August 2003 RSA Reporter for  
State statutory vacancy allowance calculations.

Special Guideline For Decontrolled Units Entering Stabilization 
50% Above Maximim Base Rent; 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.

County Rent Guidelines

Following are 2003-2004 rent guidelines for Nassau, Rockland and Westchester Counties.

(Effective for Renewal Leases Commencing 10/1/03 - 9/30/04)