June 20, 2013 Rent Guidelines Board Vote

On June 20, 2013, the Rent Guidelines Board voted on Order Number 45.

The following summarizes New York City Rent Guidelines Board Rent Guidelines Order No. 45 for leases commencing on or after October 1, 2013:

RENEWAL GUIDELINES:
One-year lease…………………………………………….4.00%
Two-year lease…………………………………………….7.75%

VACANCY ALLOWANCE:
One-year lease…………………………………………….16.25%
Two-year lease…………………………………………….20%

SUBLET ALLOWANCE:
10%

APARTMENT LEAVING RENT CONTROL
The special guidelline for unites coming out of rent control is the higher of (1) the MBR + 30% of the MBR or (2) the HUD fair market value.

The official summary from the Rent Guidelines Board can be downloaded here: