If a tenant received a service reduction order, how can he or she calculate the reduced rent for a rent stabilized apartment?
On the effective date specified in the Order, the legal regulated rent is reduced to the level in effect prior to the most recent guidelines increase. For example, if the most recent guideline increase was 2% for a one year lease and the legal regulated rent was $510.00 per month under a one year renewal lease beginning on October 1, 1998, a rent reduction ordered on December 1, 1998 would reduce the rent to $500 per month. See Fact Sheet #14.
Related Questions
- Can a tenant in a rent regulated apartment take in a roommate and is there a limit on the rent that the roommate can be charged?
- If a tenant received a service reduction order, how can he or she calculate the reduced rent for a rent stabilized apartment?
- When a tenant fails to pay rent, service charge or insurance can I evict them?
