The Rent Guidelines Board has voted to freeze the rents on rent-stabilized apartments that are up for a one-year lease renewal between October 1, 2016 and September 30, 2017, and has agreed on a 2-percent increase for two-year leases. It’s the second year in a row that one-year leases will not face a rent increase– a move that had previously been unprecedented in the 47-year history of the board.
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