In a preliminary vote on Tuesday, the Rent Guidelines Board recommended a .5 to 2.75 percent increase for one-year leases and a 1.5 to 3.75 percent hike for two-year leases for both rent-stabilized apartments and lofts. The members voted 5 to 4 in favor of this proposal, put forward by chair David Reiss, which included a 10 percent allowance for sublets but didn’t call for a vacancy bonus. For hotels, tenant representative Sheila Garcia’s proposal […]
source https://therealdeal.com/2019/05/07/rent-guidelines-board-votes-in-favor-of-increases-on-apartments-freeze-on-hotels/
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