Do you have a rent-stabilized lease? Your rent is about to get a little less stable.
Testimony from the public is now being accepted regarding the proposed rent increase guidelines for rent stabilized apartments, lofts, and hotel units with leases renewing between October 1, 2016 and September 3, 2017.
The NYC Rent Guidelines Board will vote on the guidelines on June 27, at 6:30pm, in Cooper Union’s Great Hall in Manhattan.
[Are you uncertain whether you have a rent stabilized lease, or believe that you should have one? Check here, at the NYS Department of Homes & Community Renewal, to see if your apartment is rent stabilized.]
The Rent Guidelines Board has proposed the following annual adjustments for rent-stabilized apartment leases:
- For a one-year lease, renewing on or after October 1, 2016 and on or before September 30, 2017: 0 percent to 2 percent
- For a two-year lease renewing on or after October 1, 2016 and on or before September 30, 2017: .5 percent to 3.5 percent
Last year’s rent stabilization increases were 0 percent for a 1-year lease, and 2 percent for a 2-year lease.
The deadline to submit your written comments about these proposed increases is June 21. You can submit testimony to the NYC Rent Guidelines Board in five ways:
1.) Submit comments on-line via the NYC rules website.
2.) Email comments to [email protected]
3.) Mail comments to NYC Rent Guidelines Board, 1 Centre Street, Suite 2210, New York, NY 10007.
4.) Fax comments to NYC Rent Guidelines Board at (212) 669-7488.
5.) Testify at a public hearing. It is strongly advised to sign-up in advance if you want to speak at a public hearing. You can speak for up to two minutes.
The Brooklyn hearing of the NYC Rent Guidelines Board is on June 13, from 5 to 8pm, at St. Francis College’s Founders Hall in downtown Brooklyn — 180 Remsen Street.
Call (212) 669-7480 to register to speak, or write the NYC Rent Guidelines Board, 1 Centre Street, Suite 2210, New York, NY, 10007. All advance requests to testify at the Brooklyn hearing must be received by noon on Friday, June 10th.
You can also sign up to testify when you arrive at the Brooklyn hearing, but remember that you will be behind everyone who has signed up in advance.
NYC Rent Guidelines Board hearings will also be held in Queens on June 9; the Bronx on June 16; Manhattan on June 20; and Upper Manhattan on June 21. Read more here about how to submit comments.