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NYC Board Votes for Increases for Rent-Stabilized Apartments
The New York City Rent Guidelines Board passed a preliminary vote Tuesday for increases for rent-stabilized apartments.
Rent could be increasing for millions of New York City tenants by 2 percent to 4.5 percent for one-year leases and 4 percent to 6.5 percent for two-year leases. The proposed increases would go into effect on Oct. 1.
A final vote is set to take place on June 17.
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