A1. Guidelines Adopted by the Board: Hotel Units

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:

  1. The building contains 20 or more dwelling units and 10% or more of the units have been withheld from the rental market for a period exceeding thirty days unless the owner can show a reasonable basis for the withholding; or
  2. 20% or more of the dwelling units in the building are not registered with the State Division of Housing and Community Renewal pursuant to part 2528 of the Rent Stabilization Code.