What is the maximum allowable rent increase for a rent stablized building? How to properly register rent for each unit?

Asked by Sammy Fong, New York, NY Sun Dec 1, 2013

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Sam Gold, Agent, Brooklyn, NY
Tue Mar 10, 2015
Better to contact attorney to get more qualified answer.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Mon Dec 2, 2013
Consult with an attorney who specializes in real estate for any necessary information; for possible helpful information see link http://www.nyshcr.org/Agencies/DHCR/
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Kathryn Lilly, Agent, New York, NY
Mon Dec 2, 2013
The rent increases allowed under rent stabilization change each year, they are set by the Rent Guide lines board. They also have different increase amounts depending on the last rent amount, any major capital improvements completed either building wide or in an individual apartment during a vacancy.
The best source of information is the Department of Housing and Community Renewal (DHCR) web site. Go through the information sheets and pull out all that apply to your situation.
All rents must be registered with DHCR annually.
Kathryn Lilly, Broker
Realty on the Greene, LLC
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