Two-year rent freeze for NYC stabilized apartments approved by Rent Guidelines Board - 6sqft
NYC Rent Guidelines Board approved a two-year rent freeze for stabilized apartments, effective immediately for leases starting on or after October 1, 2024.
Aforeworn detected this change in the Rental-Housing & Eviction Rules space on July 16, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Landlords and property managers of rent-stabilized apartments in NYC should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediately for any new renewal leases; existing leases must comply upon renewal.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Rental-Housing & Eviction Rules continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
No rent increases allowed for one-year or two-year lease renewals for the next two years (2024-2025 and 2025-2026).
Who it affects
Landlords and property managers of rent-stabilized apartments in NYC
What you must do
Do not include any rent increase in renewal leases for stabilized units; adjust lease terms accordingly.
Deadline
Immediately for any new renewal leases; existing leases must comply upon renewal.
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