Rent board approves hikes for stabilized apartments

New York City's Rent Guidelines Board hasapproved a rent increase for the city's rent-stabilized apartmentdwellers.Landlords who don't charge their tenants for heating can hikethe rents

NEW YORK - New York City's Rent Guidelines Board hasapproved a rent increase for the city's rent-stabilized apartmentdwellers.

Landlords who don't charge their tenants for heating can hikethe rents 4.5 percent on a one-year lease and 8.5 percent on atwo-year lease.

Tenants who pay for heat could see increases of 4 percent onone-year leases and 8 percent on two-year leases.

A spokesman for the landlords says the hike approved Thursday ishigher than last year but falls short of covering the rise in fuelcosts.

A tenants' group has said the increases are too steep.

advertisement | advertise on News 12

Trending Video

News 12 viewers take to Facebook to discuss 1 The Buzz: Attack in Brownsville
Brooklyn borough president Eric Adams hosted the 4th 2 Black History month celebration held at Brooklyn Borough Hall
A 26-year-old man was stabbed twice after a 3 Man critical after large street fight stabbing in Brownsville
4 Brooklyn Sportscast, Feb. 22
5 Brooklyn Sportscast, Feb. 16

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE