What are the rules for rent increases in New York City?

What are the rules for rent increases in New York City?

In New York City, rent increases are regulated by the Rent Guidelines Board. For rent-stabilized apartments, increases are set annually, typically around 1-3%.

Are there any limits on how much a landlord can increase rent?

Yes, for rent-stabilized apartments, there are specific limits on how much rent can be increased each year, which are determined by the Rent Guidelines Board.

What if my landlord wants to increase my rent more than the allowed percentage?

If your landlord attempts to increase your rent beyond the allowed percentage, you can file a complaint with the New York State Division of Housing and Community Renewal.

How often can my landlord raise the rent?

Landlords can typically raise the rent once a year for rent-stabilized apartments, following the guidelines set by the Rent Guidelines Board.

What should I do if I think my rent increase is unfair?

If you believe your rent increase is unfair, you can seek legal advice, contact tenant advocacy groups, or file a complaint with the appropriate housing authority.