Rent Guidelines Board Alert
The following summarizes New York City Rent Guidelines Board Rent Guidelines Order No. 41 for leases commencing between October 1, 2009 through September 30, 2010:
RENEWAL GUIDELINES :
Owner provides heat:
One-year lease...................3%
Two-year lease...................6%
Minimum: One-year lease..............$30*,
Two-year lease..............$60*
Tenant provides heat:
One-year lease...................2.5%
Two-year lease...................5%
Minimum: One-year lease..............$25*,
Two-year lease..............$50*
*(Minimum rent applies if no vacancy lease in last 6 years.)
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