Summary of The Rent Act of 2015


The rent laws were extended for four more years through June, 2019.  Details will be forthcoming in the weeks ahead in revised fact sheets from HCR. We will post more details as they become available.


The major changes are summarized as follows:

 The rent threshold for high-rent vacancy deregulation and high income high-rent deregulation was raised from $2500 to $2700. The threshold will be adjusted January 1, 2016 and annually thereafter by the one year renewal lease guideline percentage increase issued the prior year by the Rent Guidelines Board for the locality.

 The amortization period for calculating major capital improvement rent increases has been modified from 84 months to 96 months for buildings with 35 or fewer units and to 108 months for buildings with more than 35 units.

 Monetary penalties for findings of harassment have been increased.

 If a vacating tenant was paying a preferential rent, the vacancy lease rent increase that can be applied to the vacating tenant’s legal rent will be limited to 5% if the last vacancy lease commenced less than two years ago, 10% if less than three years ago, 15% if less than four years ago and 20% if four or more years ago.

 Increased and strengthening of civil penalties for unscrupulous landlords who harass tenants. Monetary penalties are now at $3,000 per offense, and as much as $11,000 if the harassment is to achieve vacancy.

 A limit to the amount of rent landlords can legally charge tenants to be reimbursed for installations or improvements.

​​Tenant Movement Victory


Strengthened HCR

Enforcement & Oversight


From Tenants & Neighbors

www.TanN.org


In January 2014, after a 3-year campaign of community housing and legal advocacy organizations, the New York State Homes & Community Renewal (formerly DHCR) put out strong regulations that amend key loopholes in the rent stabilization code.


The amendments to the rules and regulations should greatly help protect tenants by mandating greater transparency from landlords, clarifying questions about rent setting, and expanding tenants' ability to challenge rents they believe to be unlawfully high.


Click  here to see the full statement and rules.





Important tenant information:

UNDERSTANDING YOUR RENEWAL LEASE
by David Hershey-Webb, LT-ACT Attorney
Whether you are a Market Rate tenant or Rent Stabilized, you need to know this information.

WHAT IS A "PREFERENTIAL RENT"
by David Hershey-Webb, LT-ACT Attorney

TO FILE A RENT OVER-CHARGE COMPLAINT, 

Download Instructions & Form HERE.


RENEWAL LEASES-STABILIZED APARTMENTS 


 On June 27, 2016 the NYC Rent Guidelines Board approved the following "annual adjustment for renewal leases for apartments:"


 For a one-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2017:   0.0%


For a two-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2016:   2.0%


This is a great victory for tenants!


For the complete list of Rent Guideline Board orders, click HERE.


For more information on understanding your renewal lease for Rent Stabilized and Market Rate tenants, click HERE.


Serving the Lenox Terrace Community 

one apartment at a time!

Copyright 2016 Lenox Terrace Association of Concerned Tenants

LENOX TERRACE NEWS

busy year for rent reform!

LT-ACT with Tenants & Neighbors in Albany lobbying

 

Lenox Terrace Association of Concerned Tenants