New York City Rent Guidelines Board Issues Rent Increases
NEW YORK CITY RENT GUIDELINES BOARD
2022 Apartment & Loft Order #54
June 21, 2022
Order Number 54 – Apartments and Lofts, rent levels for leases commencing October 1, 2022 through September 30, 2023.
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 and implemented by Resolution No. 276 of 1974 of the New York City Council, 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, 2022. These rent adjustments will apply to rent stabilized apartments with leases commencing on or after October 1, 2022 and through September 30, 2023. Rent guidelines for loft units subject to Section 286 subdivision 7 of the Multiple Dwelling Law are also included in this order.
ADJUSTMENT FOR LEASES (APARTMENTS)
Together with such further adjustments as may be authorized by law, the annual adjustment for leases for apartments shall be:
- For a one-year lease commencing on or after October 1, 2022 and on or before September 30, 2023: 3.25%
- For a two-year lease commencing on or after October 1, 2022 and on or before September 30, 2023: 5%