HOME » RESOURCES » RENT GUIDELINES BOARD ORDER NO. 33

RENT GUIDELINES BOARD ORDER NO. 33

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The following guidelines, established by the New York City Rent Guidelines Board, applies to leases commencing between October 1, 2007 through September 30, 2008.

Renewal Guidelines

• One-year lease: 4.25%
• Two-year lease: 7.25%

No supplemental adjustment.

Vacancy Allowance

Only as permitted by State statutory vacancy allowances:

• One-year lease: 17%
• Two-year lease: 17%
• Vacancy allowance for sublets: 10%

No minimum rent.

Special Guideline For Decontrolled Units Entering Stabilization
Maximum Base Rent plus 150% plus fuel adjustment; or, the appropriate Fair Market Rent for Section 8 housing as established by HUD for the New York City PMSA adjusted for gas and electric charges, whichever is greater.

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