Property Management
In New York City, the 'Rent Guidelines Board' (RGB) annually sets:
AMarket rents for all rental apartments
BThe maximum permissible rent increases for rent-stabilized apartments✓ Correct
CProperty tax rates for residential buildings
DMortgage interest rate caps
Explanation
The NYC Rent Guidelines Board (RGB) sets annual rent increase guidelines for rent-stabilized apartments in the five boroughs. Landlords of rent-stabilized units can only raise rents by the percentage approved by the RGB for the lease renewal period.
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