October 1, 2018, whichever is later. This anniversary date will also serve as the effective date for all subsequent Rent Guidelines Board Hotel Orders, unless the Board shall specifically provide otherwise in the Order. Where a lease or rental agreement is in effect, this Order shall govern the rent increase applicable on or after October 1, 2018 upon expiration of such lease or rental agreement, but in no event prior to one year from the commencement date of the expiring lease, unless the parties have contracted to be bound by the effective date of this Order.
RENT GUIDELINES FOR HOTELS, ROOMING HOUSES, SINGLE ROOM OCCUPANCY BUILDINGS AND LODGING HOUSES
Pursuant to its mandate to promulgate rent adjustments for hotel units subject to the Rent Stabilization Law of 1969, as amended, (§26-510(e) of the N.Y.C Administrative Code) the Rent Guidelines Board hereby
adopts the following rent adjustments:
The allowable level of rent adjustment over the lawful rent actually charged and paid on
September 30, 2018 shall be:
Residential Class A (apartment) hotels 0%
Lodging houses 0%
Rooming houses (Class B buildings containing less than 30 units) 0%
Class B hotels 0%
Single Room Occupancy buildings (MDL section 248 SRO’s) 0%
NEW TENANCIES
No “vacancy allowance” is permitted under this order. Therefore, the rents charged for tenancies commencing on or after October 1, 2018 and on or before September 30, 2019may not exceed the levels over rentals charged on September 30, 2018 permitted under the applicable rent adjustment provided above.
ADDITIONAL CHARGES