The annual fight over rent-stabilized leases has begun with a report from the Rent Guidelines Board that puts landlords on the defensive.
According to the new report, which was released yesterday, revenues increased 12.1 percent for landlords of rent-stabilized units in New York City, findings which tenant advocates said justify a rent freeze.
The RGB determines adjustments in rents each year for over 2.4 million rent-stabilized tenants in NYC. The board presented the 2025 Income and Expenses Study at a Thursday hearing, the first meeting in a series of public hearings to set any increases for leases commencing or being renewed on or after October 1st, 2025, and on or before September 30th, 2026…