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Re: supplementary adjustment; does anyone know when it applies?

Posted by Mark Smith on October 01, 2000 at 21:33:03:

In Reply to: supplementary adjustment, does anyone know when they apply posted by Kerry on October 01, 2000 at 03:41:53:

The $15 "poor tax" applies to rent stabilized apartments renting for $500 or less per month.

If someone's rent falls into this category, it would usually be better to sign a 2-year lease, unless the 4% increase for a 1-year lease + $15 would push the rent over $500.

However if, next year, the Rent Guidelines Board (RGB) raises the rent level for the "poor tax," as it has done in the past, the rent could be subject to another "poor tax" next year.

R.G.B. Apartment/Loft Order #32 (from TenantNet):

or click on the link at the end of this message

: I have a landlord telling a friend of mine they have to pay supplementary adjustment of 15.00. Does anyone know when they apply? Rent Stabilised apt NYC.
: Kerry

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