1. What is the Rent Stabilization Calculator?

The Rent Stabilization Calculator helps tenants and landlords in New York City determine the allowable rent increase for rent-stabilized units based on the annual percentage set by the Rent Guidelines Board (RGB).

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Current Rent — The current monthly rent for the stabilized unit
• RGB Guidelines — The percentage increase approved by the Rent Guidelines Board (e.g., 2.75% for 2023)

Explanation: The calculation determines the dollar amount by which a landlord may increase the rent for a rent-stabilized apartment based on the RGB's annual guidelines.

3. Importance of Rent Stabilization

Details: Rent stabilization protects tenants in NYC from excessive rent increases while allowing landlords reasonable annual adjustments. Understanding these calculations helps both parties maintain compliance with housing laws.

4. Using the Calculator

Tips: Enter your current rent in USD/month and the current RGB percentage increase. The calculator will show both the dollar amount of the increase and the new rent amount.

5. Frequently Asked Questions (FAQ)

Q1: What is the Rent Guidelines Board (RGB)?
A: The RGB is a New York City agency that sets annual rent increases for rent-stabilized apartments and hotels.

Q2: How often can rent be increased in stabilized units?
A: For rent-stabilized apartments, rent can typically be increased once per year upon lease renewal.

Q3: Are there different rates for different lease terms?
A: Yes, the RGB often sets different percentages for 1-year and 2-year lease renewals.

Q4: Does this apply to all NYC apartments?
A: No, only to rent-stabilized units. Market-rate apartments have no limit on increases.

Q5: Where can I find the current RGB rates?
A: The RGB announces new rates each year, which are published on the NYC Rent Guidelines Board website.