Rent Increases Are Approved For Stabilized Apartments (The New York Sun)

Published on: Fri, 20 Jun 2008 05:04:54 GMT

Tenants in rent-stabilized apartments will face rent increases of up to 4.5% for one-year leases and up to 8.5% for two-year leases in 2009, the Rent Guidelines Board determined by a 5-4 vote at a meeting last night. Additionally, tenants who have occupied their apartments for more than six years will face a minimum increase of either the fixed-percentage increase or $45 or $85 for one- or ... More »