ADDITIONAL ADJUSTMENT FOR RENT STABILIZED APARTMENTS SUBLET
UNDER SECTION 2525.6 OF THE RENT STABILIZATION CODE
In the event of a sublease governed by subdivision (e) of section 2525.6 of the Rent
Stabilization Code, the allowance authorized by such subdivision shall be 10%.
ADJUSTMENTS FOR LOFTS (UNITS IN THE CATEGORY OF BUILDINGS
COVERED BY ARTICLE 7-C OF THE MULTIPLE DWELLING LAW)
The Rent Guidelines Board adopts the following levels of rent increase above the "base
rent", as defined in Section 286, subdivision 4, of the Multiple Dwelling Law, for units to
which these guidelines are applicable in accordance with Article 7-C of the Multiple
Dwelling Law:
For one-year increase periods commencing on or after October 1, 2009 and on or
before September 30, 2010: 3%
For two-year increase periods commencing on or after October 1, 2009 and on or
before September 30, 2010: 6%
VACANT LOFT UNITS
No Vacancy Allowance is permitted under this Order. Therefore, except as otherwise
provided in Section 286, subdivision 6, of the Multiple Dwelling Law, the rent charged to
any tenant for a vacancy tenancy commencing on or after October 1, 2009 and on or
before September 30, 2010 may not exceed the "base rent" referenced above plus the
level of adjustment permitted above for increase periods.
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FRACTIONAL TERMS
For the purposes of these guidelines any lease or tenancy for a period up to and including
one year shall be deemed a one year lease or tenancy, and any lease or tenancy for a
period of over one year and up to and including two years shall be deemed a two-year
lease or tenancy.
ESCALATOR CLAUSES