For Apartments and Lofts:
For one-year lease renewals: 4%
For two-year lease renewals: 7.75%
The vacancy allowance is as prescribed by State law:
For one-year lease renewals: 16.25%
For two-year lease renewals: 20%
Special Guideline for rent controlled units entering stabilization:
the greater of 30% above the MBR or the appropriate HUD Fair Market Rent as adjusted for utilities by NYCHA.
For all Classes of Hotel units and SRO’s: 0%
The Final Guideline does not include a minimum rent adjustment.