June 29th, 2015

amy grech, sangria, summer

NYC Board Votes to Freeze Regulated Rents on One-Year Leases

Since I moved to Windsor Terrace, Brooklyn, 13 years ago, I've been renewing the lease on my rent-stabalized apartment every 2 years, but now that the NYC Board has voted to freeze regulated rents on 1 year leases, I'm tempted to only renew for 1 year this November, so my rent won't go up $19.50 a month, the way it would with the 2% increase that comes with a two-year lease...Hey, NYC is an expensive town!