The battle over rent hikes at rent-stabilized units is on. Landlords asked the Rent Guidelines Board on Tuesday to do away with two-year lease renewals and to raise rents this year by 8 percent for the city’s rent-stabilized units. more [Post]
Also, landlords of rent-stabilized apartments in the city reported they spent, on average, 62 cents of every dollar of revenue on operating and maintenance costs in 2004, the most recent year statistics were available, according to a report released Tuesday by the Rent Guidelines Board. more [NYT]
Rent hike battle on at rent-stabilized units
May 03, 2006 12:00AM
