Rent Guidelines Board Increases for 2014

[Sky]

http://www.nycrgb.org/html/guidelines/g ... s2014.html

The following renewal lease guidelines for rent stabilized apartments, lofts and hotels were adopted by the Rent Guidelines Board on June 23, 2014.

Rent Stabilized Apartment Renewal Guidelines

ADJUSTMENT FOR RENEWAL LEASES (APARTMENTS)

Together with such further adjustments as may be authorized by law, the annual adjustment for renewal leases for apartments shall be:

For a one-year renewal lease commencing on or after October 1, 2014 and on or before September 30, 2015: 1.0%
For a two-year renewal lease commencing on or after October 1, 2014 and on or before September 30, 2015: 2.75%
Sublet Allowance

In the event of a sublease governed by subdivision (e) of section 2525.6 of the Rent Stabilization Code, the allowance authorized by such subdivision shall be 10%.

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Seems like a good opportunity to sign a two year lease.