NYC Rent Increase Laws in 2023: How to Tell if Your Landlord Is Being Fair With Your Rent Increase
The maximum percentage for a rent increase is decided by the NYC Rent Guideline Board. The Board established a maximum increase of 5% for two-year lease agreements and a maximum increase of 3.25% for one-year lease periods in 2022. For leases signed between October 2022 and September 2023, these regulations will be in effect. This …