NYC Rents Set To Be Raised

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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.

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