‚ÄčRent Guidelines for NYC Apartments

 
Rent Guidelines Board Order Number 50 for leases commencing between
October 1, 2018 and September 30, 2019


For a one-year renewal lease : 1.5%

For a two-year renewal lease : 2.5% 

Sublet surcharge of 10%

Under State law, vacancy increases remain 20%* for two year vacancy leases, 19%* for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory Vacancy Lease Increases

(Prior Tenant Paid Full Legal Rent)
1 year vacancy lease - 19%*
2 year vacancy lease - 20%*


*With regard to vacancy allowance increases, as a result of amendments to the rent stabilization laws which took effect June 15, 2015, where the tenant who vacated the apartment was paying a preferential rent, the vacancy allowance is as follows:
5% if the last vacancy lease commenced less than two years ago,
10% if the last vacancy lease commenced less than three years ago,
15% if the last vacancy lease commenced less than four years ago, and
20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.


 LUXURY DEREGULATION THRESHOLD:
Pursuant to the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Accordingly, the existing Deregulation Threshold for New York City becomes $2,774.75 effective January 1, 2019.

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Rent Guidelines Board Order Number 49 for leases commencing between
October 1, 2017 and September 30, 2018


For a one-year renewal lease : 1.25%

For a two-year renewal lease : 2% 

Sublet surcharge of 10%

Under State law, vacancy increases remain 20%* for two year vacancy leases, 19.25%* for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 19.25%*
2 year vacancy lease - 20%*

*Please note that, as a result of the changes in the State Rent Stabilization Laws effective June 15, 2015 through June 15, 2019, if a tenant was paying a preferential rent, the vacancy allowance is modified as follows: 5% if the last vacancy lease commenced less than two years ago, 10% if the last vacancy lease commenced less than three years ago, 15% if the last vacancy lease commenced less than four years ago, and 20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.

 LUXURY DEREGULATION THRESHOLD:
Pursuant to the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Accordingly, the existing Deregulation Threshold for New York City becomes $2,733.75
.
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Rent Guidelines Board Order Number 48 for leases commencing between
October 1, 2016 and September 30, 2017

For a one-year renewal lease : 0%

For a two-year renewal lease : 2% 

Sublet surcharge of 10%

Under State law, vacancy increases remain 20%* for two year vacancy leases, 18%* for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 18%*
2 year vacancy lease - 20%*

*Please note that, as a result of the changes in the State Rent Stabilization Laws effective June 15, 2015 through June 15, 2019, if a tenant was paying a preferential rent, the vacancy allowance is modified as follows: 5% if the last vacancy lease commenced less than two years ago, 10% if the last vacancy lease commenced less than three years ago, 15% if the last vacancy lease commenced less than four years ago, and 20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.


 LUXURY DEREGULATION THRESHOLD:
As per the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Therefore, this figure remains at $2,700.
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Rent Guidelines Board Order Number 47 for leases commencing between

October 1, 2015 and September 30, 2016

For a one-year renewal lease : 0%

For a two-year renewal lease : 2% 

Sublet surcharge of 10%

Under State law, vacancy increases remain 20%* for two year vacancy leases, 18%* for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 18%*
2 year vacancy lease - 20%*

*Please note that, as a result of the changes in the State Rent Stabilization Laws effective June 15, 2015 through June 15, 2019, if a tenant was paying a preferential rent, the vacancy allowance is modified as follows: 5% if the last vacancy lease commenced less than two years ago, 10% if the last vacancy lease commenced less than three years ago, 15% if the last vacancy lease commenced less than four years ago, and 20% if the last vacancy lease commenced four or more years ago. The vacancy allowances are applied to legal regulated rent, not the preferential rent.

 

LUXURY DEREGULATION THRESHOLD:
As per the Rent Act of 2015, the Deregulation Threshold for Luxury Deregulation is increased by the amount of the one year guideline. Therefore, this figure remains at $2,700.

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Rent Guidelines Board Order Number 46 for leases commencing between

October 1, 2014 and September 30, 2015

For a one-year renewal lease : 1%

For a two-year renewal lease : 2.75% 

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 18.25% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 18.25%
2 year vacancy lease - 20%

 

 
Rent Guidelines Board Order Number 45 for leases commencing between

October 1, 2013 and September 30, 2014

For a one-year renewal lease : 4%

For a two-year renewal lease : 7.75% 

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 16.25% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 16.25%
2 year vacancy lease - 20%

 

Rent Guidelines Board Order Number 44 for leases commencing between

October 1, 2012 and September 30, 2013

For a one-year renewal lease : 2% or $20, whichever is greater

For a two-year renewal lease : 4%  or $40, whichever is greater

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 18%
2 year vacancy lease - 20%

 
 
Rent Guidelines Board Order Number 43 for leases commencing between

October 1, 2011 and September 30, 2012

For a one-year renewal lease : 3.75%

For a two-year renewal lease : 7.25%

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 16.5% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 16.50%
2 year vacancy lease - 20%

 

Rent Guidelines Board Order Number 42 for leases commencing between

October 1, 2010 and September 30, 2011

For a one-year renewal lease : 2.25%

For a two-year renewal lease : 4.5%

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 17.75% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 17.75%
2 year vacancy lease - 20%

 
 
Rent Guidelines Board Order Number 41 for leases commencing between

October 1, 2009 and September 30, 2010

Where Heat is Provided by the Owner:

For a one-year renewal lease : 3%

For a two-year renewal lease : 6%

If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:

For a one-year renewal lease : 3% or $30, whichever is greater.

For a two-year renewal lease : 6% or $60, whichever is greater.

Where heat is Not Required to be Provided by the owner:  

For a one-year renewal lease : 2.5%

For a two-year renewal lease : 5%

If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:

For a one-year renewal lease : 2.5% or $25, whichever is greater.

For a two-year renewal lease : 5% or $50, whichever is greater.

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 17%
2 year vacancy lease - 20%

 
Rent Guidelines Board Order Number 40 for leases commencing between

October 1, 2008 and September 30, 2009

Where Heat is Provided by the Owner:

For a one-year renewal lease : 4.5%

For a two-year renewal lease : 8.5%

If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:

For a one-year renewal lease : 4.5% or $45, whichever is greater.

For a two-year renewal lease : 8.5% or $85, whichever is greater.

Where heat is Not Required to be Provided by the owner:  

For a one-year renewal lease : 4.0%

For a two-year renewal lease : 8.0%

If the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:

For a one-year renewal lease : 4.0% or $40, whichever is greater.

For a two-year renewal lease : 8.0% or $80, whichever is greater.

Adjustments for renewal leases shall also apply to dwelling units in a structure subject to the partial tax exemption program under Section 421a of the Real Property Tax Law, or in a structure subject to Section 423 of the Real Property Tax Law as a Redevelopment Project.

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 16% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 16%
2 year vacancy lease - 20%

 
Rent Guidelines Board Order Number 39 for leases commencing between

October 1, 2007 and September 30, 2008

One Year Renewal Leases: 3.%  
Two Year Renewal Leases  5.75%  (If Tenant supplies their own heat then 6.75%)

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 17.25% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Statutory vacancy allowance
1 year vacancy lease - 17.25%
2 year vacancy lease - 20%

 

 
Rent Guidelines Board Order Number 38 for leases commencing between

October 1, 2006 and September 30, 2007

One Year Renewal Leases: 4.25%  (If Tenant supplies their own heat then 3.75%)
Two Year Renewal Leases  7.25%  (If Tenant supplies their own heat then 6.75%)

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.



Rent Guidelines Board Order Number 37 for leases commencing between
October 1, 2005 and September 30, 2006

One Year Renewal Leases: 2.75%  (If Tenant supplies their own heat then 2.25%)
Two Year Renewal Leases  5.50%  (If Tenant supplies their own heat then 4.50%)

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

 
Rent Guidelines Board Order Number 36 for leases commencing between

October 1, 2004 and September 30, 2005

One Year Renewal Leases: 3.5%  (If Tenant supplies their own heat then 3%)
Two Year Renewal Leases  6.5%  (If Tenant supplies their own heat then 6%)

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.


 
Rent Guidelines Board Order Number 35 for leases commencing between

October 1, 2003 and September 30, 2004

One Year Renewal Leases: 4.5%
Two Year Renewal Leases  7.5%

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 17% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.


 
Rent Guidelines Board Order Number 34 for leases commencing between

October 1, 2002 and September 30, 2003

One Year Renewal Leases: 2%
Two Year Renewal Leases  4%

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.


Rent Guidelines Board Order Number 33 for leases commencing between

October 1, 2001 and September 30, 2002

 

One Year Renewal Leases: 4%
Two Year Renewal Leases  6%

There is no low rent supplement

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.


Rent Guidelines Board Order Number 32 for leases commencing between

October 1, 2000 and September 30, 2001

One Year Renewal Leases: 4%
Two Year Renewal Leases  6%

A Low Rent Supplement of $15 for rents starting at $500 or less, with no caps, and a minimum rent of $215.

Sublet surcharge of 10%

Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.

Rent Guidelines Board Order Number 31 for leases commencing between

October 1, 1999 and September 30, 2000

One Year Renewal Leases: 2%
Two Year Renewal Leases  4%

A Low Rent Supplement of $15 for rents starting at $500 or less, with no caps, and a minimum rent of $215.

Under State law, vacancy increases remain 20% for two year vacancy leases, 18% for one year leases.  Add .6% per year if the last vacancy was more than eight years ago.  For rents starting under $300, there is a $100 bonus. Between $300 and $500, the increase is the greater of the percentage increase or $100.  The renewal guidelines do not apply on vacancy.