Rent Guidelines Board Order 56

The NYC Rent Guidelines Board (RGB) voted to approve RGB Order 56, setting the increases for one and two-year stabilized leases starting October 1st, 2024.

For a one-year lease commencing on or after October 1, 2024, and on or before September 30, 2025: 2.75%

For a two-year lease commencing on or after October 1, 2024, and on or before September 30, 2025: 5.25%

For more information, click here to visit the RGB’s website. For more information, please take a look at the July/August 2024 issue of the RSA Reporter.

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