Landlords calls for rent increases on rent-stabilized apartments

Despite calls for a rent freeze, landlords are asking for a more than 2 percent rent increase on stabilized apartments. The Rent Stabilization Association is asking for a 2.5 to 4.5 increase on one-year increases and a 3.5 to 5.5 increase for two-year leases, the group testified on Tuesday during the Rent Guidelines Board’s third meeting. In its own reports, the board projected increases of 2.5 percent and 3.5 percent for one-year leases and 3.3

source https://therealdeal.com/2020/05/05/landlords-calls-for-rent-increases-on-rent-stabilized-apartments/