Property Management
Under NYC Rent Stabilization, a landlord may increase the rent by:
AAny amount the market will bear
BOnly the percentage approved annually by the NYC Rent Guidelines Board✓ Correct
CA maximum of 10% per year regardless of board guidelines
D3% per year indexed to inflation
Explanation
For rent-stabilized apartments, allowable rent increases are set each year by the NYC Rent Guidelines Board (RGB). Landlords may only raise rents by the percentages approved by the RGB.
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