SUMMARY OF PROPOSED GUIDELINES ADOPTED ON MAY 5, 2021
This summary (also available in pdf format) of the Rent Guidelines Board (RGB) proposed guidelines is solely for the informal use of the public and should not be substituted for the full text of the proposed Apartment and Loft Order 53 and the proposed Hotel Order 51.
The full text of these proposed orders is available in the Notice of Public Hearings and Opportunity to Comment on Proposed Rules.
The following proposed lease guidelines for rent stabilized apartments, lofts and hotels were adopted by the NYC Rent Guidelines Board on May 5, 2021.
PROPOSED RENT STABILIZED APARTMENT GUIDELINES
Together with such further adjustments as may be authorized by law, the annual adjustment for leases for apartments shall be:
- For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% – 2%
- For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1% – 3%
Proposed Special Guideline/Decontrolled Units
For dwelling units subject to the Rent and Rehabilitation Law on September 30, 2021, which become vacant after September 30, 2021, the special guideline shall be 39% above the maximum base rent.
PROPOSED RENT STABILIZED LOFT GUIDELINES
- For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% – 2%
- For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1% – 3%
PROPOSED RENT STABILIZED HOTEL GUIDELINES
The allowable level of rent adjustment over the lawful rent actually charged and paid on September 30, 2021 shall be:
- Residential Class A (apartment) hotels – 0%
- Lodging houses – 0%
- Rooming houses (Class B buildings containing less than 30 units) – 0%
- Class B hotels – 0%
- Single Room Occupancy buildings (MDL section 248 SRO’s) – 0%