New York City Rent Guidelines Board
Rent Guidelines Order No. 34
For leases commencing between October 1, 2002 through September 30, 2003
Renewal Guidelines
One-year lease...............................2%
Two-year lease...............................4%
No Supplemental Adjustment
Vacancy Allowance
Only as permitted by State statutory vacancy allowances*:
One-year lease..........................18%
Two-year lease.........................20%
Vacancy allowance for sublets..............................10%
*See page 9 of July/August 2002 RSA Reporter for
State statutory vacancy allowance calculations.
Special Guideline For Decontrolled Units Entering Stabilization
Maximum Base Rent + 50%; or,
the appropriate Fair Market Rent for Section 8 housing as established by
HUD for the New York City PMSA adjusted for gas and electric charges, whichever is greater.
