No vacancy allowance is permitted except as provided by sections 19 and 20 of the Rent
Regulation Reform Act of 1997.
SUPPLEMENTAL ADJUSTMENT
There shall be no supplemental adjustment for apartments renting below any specified
amount for renewal leases.
1
EQUALIZATION ALLOWANCE
There shall be no equalization allowance for apartments continuously occupied for a
specified period of time for renewal leases.
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, 2007 and on or
before September 30, 2008: 2.5%
For two-year increase periods commencing on or after October 1, 2007 and on or
before September 30, 2008: 5.25%
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, 2007 and on or
before September 30, 2008 may not exceed the "base rent" referenced above plus the
level of adjustment permitted above for increase periods.
FRACTIONAL TERMS