Rents can be jacked up as much as 3% on one-year leases and 6% on two-year leases starting Oct. 1, according to new city guidelines adopted after a raucous meeting Tuesday.
As is often the case, neither tenants nor landlords left the final vote of the Rent Guidelines Board – which oversees about a million rent-regulated city dwellings – completely happy.
“It’s not unexpected – it’s what they do every year. It’s a farce,” said Manhattan tenant Jeannette Burns, 64, of the vote to allow rent hikes.
Also On News One:
14 photos Launch gallery
1 of 14
1. Officials turn the Eiffel Tower lights off, as Paris goes dark following multiple terror attacks.
2 of 14
2. Victims lie on the ground after an attack on Rue Bichat in Central Paris.
3 of 14
3. A young woman cries at a vigil held by a local French community in Sydney.
4 of 14
4. A single rose following multiple terror attacks in the French city of Paris.
5 of 14
5. Players and officials have a moment of silence for victims during the Newcastle v. Central Coast round 6 A-league match.
6 of 14
6. Workers wash blood off of the floor outside of Le Carillon bar.
7 of 14
7. Workers wash blood off the floor outside of Le Carillon bar.
8 of 14
8. A woman sends her love.
9 of 14
9. Two friends hug in the wake of multiple terror attacks in Paris.
10 of 14
10. Residents leave flowers for victims and their loved ones.
11 of 14
11. At least 127 people were left dead following multiple terror attacks in Paris on Friday.
12 of 14
12. Residents leave flowers for victims and their loved ones.
13 of 14
13. Blood from the scene following the Bataclan Theatre attack.
14 of 14