Landlords’ costs went down this year, but will tenants will see that in their rent?
It’s time for a rent rollback or at least a freeze. Except for last year, when one-year renewal leases got a freeze, landlords have always been able to jack up the rents—even as much as 8.5% during the height of the recession.
Tenants have to demand a fair decision from the Rent Guidelines Board.
- Net operating income for owners has gone up 10 years in a row.
- Landlords’ average net operating income went up 3.5 % from 2013 to 2014.
- Rental income increased by 4.8% and total income rose 4.9%.
And too many of us are paying more than 35% of our income to rent.
On Monday, June 20, you can tell your story directly to the people who set the increases. In two minutes or less, speak in person about why tenants finally deserve a break.
You don’t have to go far: the RGB is meeting in Cooper Union’s Great Hall, 7th Street and Third Avenue, 2 p.m.–8 p.m.
Public speaking make you nervous? Can’t get there? You can submit your thoughts by email, letter, or fax. Or just come to the hearing to support other tenants.
The RGB will take its final vote on Monday, June 27.