https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/ As median rents in NYC continue to rise, renters are left weighing the costs of moving or renewing. For the past few months, New Yorkers (especially in Manhattan) have experienced record lease renewals – sometimes upward of 50%. In June, rent increases on lease renewals for market-rate apartments averaged 13.8%. While 50%+ increases are slowing down, rent increases on renewals are still triple what they were during the same period last year.<br>Renters have been sharing details of their rental experiences and their renewals on openigloo. Many renters have reached out to us asking whether they should move or renew. Our advice is to research the rent prices in their neighborhood and see what others are quoted. For example, in Brooklyn the average June renewal was anincrease of 11%. This figure can act as a benchmark for those negotiating their rents. For those that decide to move, we encourage renters to research their prospective landlords to see what kind of rent increases they can expect to see. Thu, 13 Feb 2025 20:29:57 +0000 hourly 1 https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-1029 Fri, 01 Nov 2024 19:52:08 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-1029 […] with your landlord. If you are looking for info or guidance on lease breaks, rent negotiation, rent-stabilization rules, Good Cause Eviction, security deposit rules, broker fees and more, be sure to browse our resources […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-631 Wed, 24 Apr 2024 16:17:18 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-631 […] is lower). In NYC, there are 2.2 million rental units, half of which are rent-stabilized. Rent-stabilized tenants have a lot of protections already; their rent can only go up a certain amount every year and they […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-487 Wed, 07 Feb 2024 18:00:28 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-487 […] you requested your rental history. DHCR mailed you the record. Now you’re scratching your head. How do I read this rental […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-56 Thu, 23 Mar 2023 16:13:57 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-56 […] Rent-stabilized apartments are also eligible for sublet with a few restrictions. You can only sublet the apartment for 2 years at a time. You cannot indefinitely sublet your space. If the apartment is unfurnished, the maximum you can charge the subtenant is the same rent you pay. If you leave the space furnished, you can charge a 10% premium on the rent. Not sure if your apartment is stabilized? Check out our comments here. […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-15 Wed, 21 Dec 2022 20:39:45 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-15 […] your landlord increases your rent by the legal amount. If you’re unsure whether you have a rent-stabilized apartment, request your rental history through the Homes and Community Renewal […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-13 Wed, 21 Dec 2022 17:53:06 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-13 […] their projects before the 421-a tax exemption was set to expire. This tax exemption was given to new rent-stabilized projects where a percentage of units were set aside for affordable housing lotteries. Permits covering […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-6 Thu, 03 Nov 2022 11:33:06 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-6 […] This law applies to market-rate (i.e. non-stabilized) apartments. If a tenant has a lease of less than one year, a 30-day notice is mandatory. A 60-day notice is required for renters who have lived in an apartment for more than one year, but less than two years. Tenants who have lived in a unit for more than two years must get 90 days notice. For rent-stabilized tenants, permitted rent increases are set by the Rent Guidelines Board every year. Landlords HAVE TO renew the leases of rent-stabilized tenants. Not sure if you have a stabilized apartment? Check out our post about rent-stabilization here. […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-3 Thu, 03 Nov 2022 11:29:48 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-3 […] For renters who are unsure whether they have a stabilized apartment, they should submit a request for their rental history to DHCR. Find more information here. […]

]]> https://blog.openigloo.com/find-rent-stabilized-apartment-new-york-city/comment-page-1/#comment-2 Thu, 03 Nov 2022 11:28:47 +0000 https://blog.openigloo.com/2022/10/13/hello-world/#comment-2 […] like a waste of time, our position is that you don’t get what you don’t ask for. If you have a rent-stabilized apartment, you’re in luck – this doesn’t apply to you as your rent increases are set by the New York […]

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