renewal leases. No more than one actual higher rent.
guideline adjustment can be added to the rent
in a calendar year for a vacancy lease. Renewal There are other situations in which different
lease guideline adjustments are subject to the methods may be used to establish vacancy lease
limitation of one guideline adjustment in the same rents.
guideline year. A guideline year commences on
October 1 and ends the following September 1. If an apartment was vacant or temporarily
30. Lawful temporary increases for Major Capital exempt on the base date and for one or more
Improvements (MCI) and Individual Apartment years prior to that, the owner may be entitled
Improvements (IAI) may also be added to the rent. to the following rent increases: successive
Recent lease guidelines rates can be found in two year rent guideline increases for each
DHCR Fact Sheet #26. additional two years that the apartment was
vacant from the time the last rent stabilized
With the lease, a tenant should receive a Rent tenant vacated until the signing of the
Stabilization Lease Rider/Addenda that states subject lease, any other lawful increases
how the rent was computed and asserts that any such as Major Capital Improvements and
increases comply with the Rent Stabilization Law any Individual Apartment Improvements that
and Code. The Vacancy Lease Rider/Addenda were made prior to the subject tenant taking
completed by the owner must contain details occupancy.
about Individual Apartment Improvement (IAI) rent 2. Where an owner creates a housing
increase calculations. The Rider/Addenda must accommodation in space previously used for
also contain a notice informing vacancy lease non-residential purposes, the DHCR may find
tenants of their right to request from the owner that the resultant housing