New York state lawmakers just reached an agreement on controversial rent control regulations for 2 million New Yorkers. What is rent control: Rent stabilization sets maximum rates for annual rent increases and, as with rent control, entitles tenants to receive required services from their landlords and have their leases renewed. The rent guidelines board meets every year to determine how much the landlord can set future rents on the lease. Increase are normally 2-3% for one year and from 3-5% for a 2 year. This increase usually set every year in the month of October.
Author:William Garcia Phone: 646-235-6634 Dated: June 26th 2015 Views: 516 About William: ...
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