On June 20, 1994, the RGB set a maximum allowable increase of 2% over the lawful rent actually charged and paid on September 30, 1994 for residential lodging houses, rooming houses, Class B hotels, single room occupancy and Class A residential hotels. The allowable increases will apply to leases commencing or being renewed on or after October 1, 1994 and on or before September 30, 1995. The guidelines do not limit rental levels for commercial space, non-rent stabilized residential units, or transient units in hotel stabilized buildings.
Single room occupancy buildings, Class B hotels, rooming houses, and lodging houses will not be entitled to the increase and will receive a zero percent adjustment if either or both of the following conditions exist: