At the annual meeting of the Rent Guidelines Board, the landlord trade group plans to ask to city for 4 percent annual rent increases on stabilized apartments. Fat chance. Last year, the Rent Stabilization Association asked for 4 percent on one-year lease renewals and 6 percent on two-years. What they got was 1.25 and 2 percent, respectively. “Over the past five years, the operating costs of owners of rent-stabilized apartments have increased 16 percent, while […]
source https://therealdeal.com/2018/04/26/surprise-landlords-to-ask-for-more-rent-today/
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