record_type,reference,period,one_year_pct,two_year_pct,notes guideline,"RGB Order 58","Oct 1 2026 to Sep 30 2027",0,0,"Voted 25 June 2026 by seven votes to one. Rents frozen, with no increase collectable on either a one year or two year renewal, despite a reported 5.3 percent rise in operating costs." guideline,"RGB Order 57","Oct 1 2025 to Sep 30 2026",3.0,4.5,"The guideline in effect for renewals commencing in that window." guideline,historical,"2014 to 2021","0 to 1.5",,"One year lease increases across that period ranged from zero to 1.5 percent." guideline,historical,"longer run average",3.0,,"One year lease increases have averaged around three percent over the longer run." coverage,"How many apartments","Approximately one million apartments are rent stabilized, constituting 41 percent of the city rental apartments and 27 percent of the overall housing stock.","1 million",,"Figures from the New York City Independent Budget Office analysis of Homes and Community Renewal and Department of City Planning data." coverage,"Which buildings","Typically buildings with six or more units built before 1974, together with some newer buildings that received tax benefits such as 421-a.","6 or more units, pre 1974",,"One source describes the window as 1947 to 1974 rather than before 1974. Homzora has not resolved that difference and records it here." "rent control","A separate and much smaller system","Rent control covers roughly 16,400 units, against about a million stabilized. Rent controlled units use a Maximum Base Rent system with increases approved by New York State Homes and Community Renewal rather than the Rent Guidelines Board.","about 16,400 units",,"When a rent controlled apartment is vacated it typically converts to rent stabilized, or deregulates if the building has fewer than six units." "rent control","Increase limit","Increases are capped at the lesser of 7.5 percent a year or the average of the five most recent Rent Guidelines Board one year renewal increases.","7.5 percent ceiling",, "the board","Who sets the figure","The Rent Guidelines Board has nine members appointed by the Mayor, representing tenant, owner and public interests, serving terms of two to four years.","9 members",, "the board","The annual cycle","The Board researches and holds public hearings from March through June, votes by 1 July, and the guidelines take effect on 1 October.","vote by July 1, effective October 1",,"Which means the figure for any renewal depends on when the lease commences rather than on the calendar year." "tenant rights",Renewal,"A rent stabilized tenant is entitled to a renewal lease at the legal maximum increase. A landlord cannot refuse to renew without a cause recognised by law.","right to renew",, "tenant rights","Eviction grounds","Grounds are limited, and include nonpayment, illegal activity, nuisance, or the owner requiring the apartment for personal use.","limited grounds",, "owner obligations",Registration,"Rent regulated units must be registered annually with the state agency, recording the rent as at 1 April.","annual registration",, "what it does not cover","Market rate units","The Rent Guidelines Board does not set increases for unregulated apartments. Those rents are negotiated between landlord and tenant with no cap.","no cap",,"Which is why establishing whether a unit is regulated is the first question to ask about any New York apartment."