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Rent Information

Rent Increases

At the expiration of every 12 month period, following the first letting, whether or not the landlord has ever presented the tenant with a lease, the maximum rent that a landlord may request or receive as a rent increase shall be 4% of the current rent or the percentage increase of the Consumer Price Index, whichever is less, as established by the U.S. Department of Labor, Bureau of Labor Statistics for the New York, New York/ northeastern New Jersey area. 

On vacancy of a housing unit, a landlord may request a new rental of 10% of the maximum rent last charged for said housing unit. Said increase may only be charged once in any 12 month period no matter how often the housing unit becomes vacant. Where a tenant moves from one apartment to another within the same complex, the landlord may charge the increase of rent permitted on vacancy both to the apartment vacated by the moving tenant and to the apartment to be occupied by the tenant.

Computation of Consumer Price Index 

Percentage of Allowable Annual Increases for Lease Renewals: For the purpose of arriving at the correct percentage of the Consumer Price Index (CPI) for an annual increase when that percentage is less than 4%, the computation formula shall be based upon the CPI for all items for the NY-Northern NJ-Long Island, NY-NJ-CT area as published by the U.S. Department of Labor, Bureau of Labor Statistics, Washington, D.C., and shall be calculated 120 days prior to each anniversary renewal for each tenant. This information is available monthly (generally released by the Dept. of Labor after the 18th day of the month), by either calling (212) 337-2404, Fax-On-Demand (212) 337-2412, Internet World Wide Web Home Page http://stats.bls.gov/ro2/cpinynj.htm or contact the office of the Rent Leveling Board at (201)794-5344.

Rents Relating to Vacancy/Occupancy Decontrol 

Capital Improvement(s) for Vacant Dwellings: A landlord may obtain an increased rent for a vacant dwelling, bringing it up to market value, upon approval of application to the Rent Leveling Board, provided the following conditions are met:

The value of the dwelling shall be determined by the Borough Assessor upon certification.

The landlord shall spend an amount equal to at least 15% of the value of the dwelling for capital improvements to that dwelling. Capital improvements shall include but not be limited to new construction relating to the dwelling, new bath fixtures, kitchen cabinets, kitchen fixtures, air-conditioning installation, heating system installation, electrical re-wiring, electrical outlets, and replacement of doors, windows or other fixtures. Generally, a capital improvement shall be an expenditure that adds to the value or useful life of the dwelling and is not allowed as an expense deduction by the landlord.

Listing of Rents:

All landlords of controlled dwelling units shall file with the Rent Leveling Board by January 31st in each year a list of rents charged by building and apartment number. In addition, this list of rents shall be updated by July 31st in each year to reflect any change in the list of rents for the period between January 31st and July 31st. Rent for a tenant’s garage shall be reflected separately on the list.

All landlords of controlled dwelling units shall advise any new tenant as to the amount of rent paid for the apartment by the immediately preceding tenant. Such notice shall be accomplished by providing the new tenant, prior to the execution of the new lease or agreement to rent, with a written certification signed by the landlord or his agent setting forth the amount of rent paid by the immediately preceding tenant. All leases shall state in a conspicuous manner what the rent for the apartment covered by the lease had been for the immediately preceding tenant.

Last Updated: Thu, 03/28/2019 - 11:23am