RGB Adopts New Rent Increases

Michael Littman

On June 23, 2021, the Rent Guidelines Board (RGB) approved new rent increases as follows:

  • Rent Stabilized Apartment Guidelines
    • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022:
      • 0% for the first 6 month of the lease, and
      • 1.5% for the remaining 6 months of the lease
    • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022:
      • 2.5%
  • Special Guideline Maximum Base Rent (MBR):  +39%
 
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