Individual Apartment Reasons • The owner may be entitled to rent increases for lawful
Improvements (IAIs): When an for rent IAIs and MCIs on apartments that were vacant.
owner installs a new appliance increases
or makes an improvement to an
apartment, the owner may be Other rules • Vacancy lease rent increases cannot be collected if a
entitled to an IAI rent increase. DHCR Order reducing rent for decreased services is in
effect.
Major Capital Improvements • If an apartment is vacant or becomes vacant while the
(MCIs): Building-wide owner is waiting for approval of an application for an
improvements such as boilers, MCI, the owner must notify any incoming tenant about
windows and roofs. the planned improvements.
Rent stabilization: Rules that provide
protections to tenants besides
limitations on the amount of rent.
Tenants are entitled to receive
required services, to have their
leases renewed, and may not be
evicted except on grounds allowed
by law. The tenant can choose a
term of one or two years for the
lease.
A PUBLICATION OF THE DIVISION OF HOUSING AND COMMUNITY RENEWAL OFFICE OF RENT ADMINISTRATION FS-05 (11/2024)
FACT SHEET #5: VACANCY LEASES IN RENT STABILIZED APARTMENTS PAGE 2 OF 3