The Big Apple’s rent board is set to approve hikes on Wednesday that could see the cost of an annual lease increase by as much as 5-7 percent, offering a conclusion to weeks of contentious pu…
The Big Apple’s rent board is set to approve hikes on Wednesday that could see the cost of an annual lease increase by as much as 5 to 7% percent, offering a conclusion to weeks of contentious public hearings that’s sure to leave both landlords and tenants unsatisfied.
for new and renewed leases issued between October 1 and September 30, 2024, of 2% to 5% for a one-year deal and 4 to 7% for a two-year agreement. That infuriated renter representatives who asked for a rent freeze, but it was far below the 14% sought by owners, who cited high inflation and energy bills to justify the request.
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