Rent-stabilized rent increases announced

Hundreds of thousands of tenants across the city will see higher rents next year, thanks to a decision announced Monday evening by the Rent Guidelines Board. Against vociferous opposition, the board said that two-year leases in rent-stabilized apartments will have rent increases of 5 to 8.5 percent. One-year leases will see an increase of between 3 and 6.5 percent. more [Post]