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Rent Guidelines Board Order No. 41

 

2009 Apartment & Loft Order #41

 

June 23, 2009

 

Order Number 41 – Apartments and Lofts, rent levels for leases commencing October 1, 2009 through September 30, 2010.

 

NOTICE IS HEREBY GIVEN PURSUANT TO THE AUTHORITY VESTED IN THE NEW YORK CITY RENT GUIDELINES BOARD BY THE RENT STABILIZATION LAW OF 1969, as amended, and the Emergency Tenant Protection Act of 1974, as amended, implemented by Resolution No 276 of 1974 of the New York City Council and extended by Chapter 82 of the Laws of 2003, and in accordance with the requirements of Section 1043 of the New York City Charter, that the Rent Guidelines Board (RGB) hereby adopts the following levels of fair rent increases over lawful rents charged and paid on September 30, 2009. These rent adjustments will apply to rent stabilized apartments with leases commencing on or after October 1, 2009 and through September 30, 2010. Rent guidelines for loft units subject to Section 286 subdivision 7 of the Multiple Dwelling Law are also included in this order.

 

ADJUSTMENT FOR RENEWAL LEASES  (APARTMENTS)

 

Together with such further adjustments as may be authorized by law, the annual adjustment for renewal leases for apartments shall be:

 

Where heat is provided or required to be provided to a dwelling unit by an owner from a central or individual system at no charge to the tenant, the adjustments are as follows:

 

For a one-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:         3%

For a two-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:         6%

Provided, however, that where the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:

 

For a one-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:  3% or $30, whichever is greater.

For a two-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:  6% or $60, whichever is greater.

Where heat is neither provided nor required to be provided to a dwelling unit by an owner from a central or individual system, the adjustments are as follows:

 

For a one-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:     2.5%

For a two-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:     5%

Provided, however, that where the most recent vacancy lease was executed six years or more prior to the date of the renewal lease under this Order, the following shall instead apply:

 

For a one-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:    2.5% or $25, whichever is greater.

For a two-year renewal lease commencing on or after October 1, 2009 and on or before September 30, 2010:    5% or $50, whichever is greater.

These adjustments shall also apply to dwelling units in a structure subject to the partial tax exemption program under Section 421a of the Real Property Tax Law, or in a structure subject to Section 423 of the Real Property Tax Law as a Redevelopment Project.