Fixed rent will increase by 1.25% for residents of new York with an annual lease and 2% for residents with a two-year contract.
It was voted by the Board of Directors for the lease, who is appointed by the mayor of the city. Voted for 7 persons «against» — two, according to AMNY.
According to members of the Board of Directors, such a decision due to the fact that landlords are working in the real estate market where prices are constantly rising. Fixed rent, according to preliminary data, will increase to almost one million apartments in new York.
Before the vote, dozens of tenants gathered to protest against raising rents.
For example, 75-year-old Jeanne folks says: my husband and I fear that now will not be able to afford a rental home in Ditmas Park, Brooklyn, which they rented for 40 years.
«I live on social security, and my 81-year-old husband still continues to work. If rents increase, I don’t know what we’ll do,» says Mrs folks.
«Despite the fact that this is a step in the right direction, this increase is too much,» said Joseph Strasburg, President of the Association of the stabilization rent.
But according to landlords, rent increase is insignificant, given their costs – including property tax, which increased by 6% compared to last year.
