TenantNet Forum

Where tenants can seek help and help others

2016: 1 or 2 Year Lease Renewal make more sense?

Rent stabilzed lease renewals and how to apply Rent Guidelines Board (RGB) percentage increases

Moderator: TenantNet

2016: 1 or 2 Year Lease Renewal make more sense?

Postby nycrsa1 » Fri Jan 20, 2017 4:41 pm

I have just received my Renewal Lease form from my landlord and am trying to decide whether to renew for 1 year at no increase or 2 years at 2%. I do intend to stay here for many years. What is the thinking or guessing about next year’s RGB increases, with the low increases this year and Trump presidency (possible favoritism to landlords)? What has been the historical increase after such a low increase? THANKS!
Posts: 21
Joined: Fri Oct 16, 2009 11:27 pm

Re: 2016: 1 or 2 Year Lease Renewal make more sense?

Postby TenantNet » Fri Jan 20, 2017 4:46 pm

Of course no one knows about next year. On one hand it's an election year and there will be continued pressure to keep any increase flat or minimal. OTOH, there will be pressure from LLs who - in their sick minds - that they need to go back to the high increases.

I would go with the 1 year and zero percent, and see what happens next year.
The Tenant Network(tm) for Residential Tenants
Information from TenantNet is from experienced non-attorney tenant
activists and is not considered legal advice.

Subscribe to our Twitter Feed @TenantNet
Posts: 9061
Joined: Mon Jan 21, 2002 2:01 am
Location: New York City

Return to Lease renewals RGB

Who is online

Users browsing this forum: No registered users and 2 guests