1120. ANNUAL GENERAL ADJUSTMENT ORDER FOR 1998
(A) In accordance with Section 11 of the Rent Stabilization and Eviction for
Good Cause Ordinance as amended and Board Regulation 1100, the Rent Stabilization
Board hereby adjusts the 1998 Rent Ceilings (exclusive of temporary increases in rent
ceilings such as capital improvements) upward by 0.8% of the 1997 Permanent Rent
Ceilings, i.e., the rent ceilings exclusive of temporary increases, for all units covered by
the Ordinance.
The 1998 Rent Ceiling is defined as the Base Rent Ceiling established in Section 10 of
the Ordinance plus any adjustment of the Base Rent Ceiling granted by the Board.
(B) Rent Ceilings adjusted pursuant to this Order may not be rounded to the
nearest dollar amount.
(C) The adjustments granted by this Order shall become effective on January 1,
1998, provided the landlord is otherwise entitled to the adjustment pursuant to the
provisions of the Ordinance and this Order.
(D) The upward general adjustment granted in this Order does not automatically
provide for a rent increase. Rent increases pursuant to this Order shall become
effective only after the landlord gives the tenant(s) at least thirty (30) days' prior written
notice of such rent increases and the notice period expires.
Each notice to a tenant of a rent increase pursuant to this Order shall be in the following
form:
Thirty Day Notice of Rent Increase
This notice is provided pursuant to the 1998 Annual General Adjustment (AGA) Order of
the Rent Stabilization Board.
Tenant's name:
Street address: Unit No.
The present rent on your unit is $ per month.