Rent Guidelines Order # 45 (Oct 1,2013-Sept 30,2014)

New York City Rent Guidelines Board

Rent Guidelines Order No. 45

The following summarizes New York City Rent Guidelines Board Rent Guidelines Order No. 45 for leases commencing between October 1, 2013 through September 30, 2014:

RENEWAL GUIDELINES:

One-year lease……………….4%

Two-year lease……………….7.75%

VACANCY ALLOWANCE*:

The vacancy allowance is provided by State law:

One-year lease……………….16.25%

Two-year lease……………….20%

in addition to any other lawful rent increases

*Under State law, one vacancy allowance permitted per apartment per calendar year.

SPECIAL GUIDELINE:

The MBR plus 30% or the HUD FMR as adjusted, whichever is greater

SUBLET ALLOWANCE:

In the event of a sublease governed by subdivision (e) of section 2525.6 of the Rent

Stabilization Code, the allowance authorized by such subdivision shall be 10%.

LOFTS:

One-year lease……………….4%

Two-year lease……………….7.75%

HOTELS AND ROOMING HOUSES:

0% increase for all classes of hotels and rooming houses

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