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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, 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 - 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% 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  5.5%  (If Tenant supplies their own heat then 4.5%)

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 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.