Lease Renewal Increases
NYC Rent Guidelines Board
Leases starting or renewing Oct. 1, 2023, through Sept. 30, 2024:
1-year lease: 3%
2-year lease: first year 2.75%; second year 3.2% of the amount charged in the first year
For the second year in a row, the mayor's RGB jacks up the rent.
Leases starting or renewing Oct. 1, 2022, through Sept. 30, 2023:
1-year lease: 3.25%
2-year lease: 5%
OUCH! These are the highest increases in years
