![]() Retroactive Major Capital Improvement (MCI) Orders (Orders not issued within 90 days of the initial Rent Freeze application date).Rental charges for garages and other facilities.Individual apartment improvements, additions, or adjustments, such as painting, new lighting fixtures, new equipment, furniture or other furnishings.Doorman, maid or janitor, air conditioning or intercom services.Non-Exemptible Increases can’t be considered for an exemption and won't be paid for by the Rent Freeze Program. An increase due to a Major Capital Improvement (MCI) Order for building-wide renovations like a new boiler or roof (as long as that Order is issued within 90 days of the date of the tenant's initial Rent Freeze application).A Fuel Cost Adjustment to compensate a landlord for fuel increases. ![]() A maximum collectible rent increase for rent-controlled apartments.A rent demand renewal increase for residential hotel units.Lease renewal increases granted by the Rent Guidelines Board for rent-stabilized apartments.These must be approved by the appropriate State or City agency and include: Adjustments to your frozen rent will be reviewed upon your next renewal. If your preferential rent is listed in a separate lease rider provide the rider along with your lease.Įxemptible Increases are covered and paid for by the Rent Freeze Program. If you are already participating in the program, please do not submit a request for an adjustment until it is time for you to renew. If the amounts are not listed on your lease, be sure to attach your preferential rent lease riders. New applicants must provide a prior and current lease that clearly indicate the preferential rent amounts. The credit will be the difference between the frozen rent amount and the preferential rent amount. Landlords will see that their tax abatement credits will be based upon the preferential rent amounts. For current Rent Freeze Program participants: If your frozen rent is based upon the legal regulated rent, the next time you renew, if you continue to meet all eligibility criteria, your rent may be re-frozen at the preferential rent amount on the lease in effect June 14, 2019.The tax abatement credit issued to landlords will be based upon rent guidelines board increases to the preferential rent amount New Rent Freeze applicants who have a preferential rent agreement and meet all program eligibility criteria can have their rent frozen at their preferential rent amount.Under the new rent regulation laws passed in 2019, tenants who have a preferential rent agreement can continue to pay their preferential rent amount for the duration of their tenancy. There is an exception where the building is subject to a regulatory agreement and it receives federal rental assistance.Ĭhanges for leases beginning on or after June 14, 2019: The tenant’s current lease starts on or after Jand indicates a preferential rentĪugust 2019 Preferential Rent Freeze Policy Update.The tenant lives in a Low-Income Housing Tax Credit (LIHTC) unit, is paying an amount less than the legal regulated rent, and submits the required LIHTC rider document. ![]()
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