October 1, 2011, 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, 2011 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, 2011 shall be:
Residential Class A (apartment) hotels 3%
Lodging houses 3%
Rooming houses (Class B buildings containing less than 30 units) 3%
Class B hotels3%
Single Room Occupancy buildings (MDL section 248 SRO’s) 3%
Except that the allowable level of rent adjustment over the lawful rent actually charged and paid on
September 30, 2011 shall be 0% if permanent rent stabilized or rent controlled tenants paying no more than the legal regulated rent, at the time that any rent increase in this Order would otherwise be authorized, constitute fewer than 85% of all units in a building that are used or occupied, or intended, arranged or designed to be used or occupied in whole or in part as the home, residence or sleeping place of one or more human beings.
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