on monday june 29, the new york city rent guidelines board (rgb) voted for a zero percent increase on one-year lease renewals for rent-stabilized apartments. this vote is the first time in 50 years the rgb has approved a rent freeze for one-year lease renewals.
there are over 1.2 million new yorkers who live in rent-stabilized units. most of these residents' leases will end sometime this year, and they share deep concerns about their future. tonight's historic vote means the following:
1) if you sign a one-year lease renewal between 10/1/2015 and 9/30/2016, your rent won't increase; 2) if you sign a two-year lease renewal lease between 10/1/2015 and 9/30/2016, your rent will increase two percent; 3) if you're facing harassment from your landlord, call 311 and report it now.
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