How much can the landlord annually raise the rent?
New York Landlord Legal Compliance Update
How much the landlord can annually raise the rent. Carl saying this is a huge issue needing clarification.
Question ID: 6604713 Status:
Open Jan 23, 2025 - 06:34 PM
1answer
Answer
Jan 24, 2024 - 05:25 PM
It can't be raised any more than 5% without 90 days notice. In Rochester, it's 5% plus the annual percentage change in the consumer price index, or 10%. So you have to provide a good cause for raising it.
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New York Landlord Legal Compliance Update
New Good Cause Eviction law (“GCEL”) limits evictions, requires lease renewals, and caps rent increases. A new form must be included in every lease, renewal lease, notice of rent increase or nonrenewal,14-day rent demand and eviction petition. Join us to learn more about these legal updates so you c...
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