#N12BK: Rent Guideline meetings

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The New York City Rent Guidelines Board is holding meetings across the city this week to address increases in cost to rent-stabilized apartments. 

The board reported 2015 and 2016 saw rent freezes for one-year leases and 2017 saw rent hikes of up to 2 percent. 

According to published reports, landlords in New York City want to increase rent by at least 7 percent.

MORE: Rent Guidelines Board Meeting

The Rent Guidelines Board held a preliminary vote back in April and approved a 0.75 percent to 2.75 percent increase for rent-stabilized one-year leases. 

The board also approved a 1.75 percent and 3.75 percent increase for two-year leases. 

A final vote is scheduled to take place on June 26. 

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