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Rent Freeze Wins for Tenants
Rent-stabilized tenants across the city are celebrating a major win: the Rent Guidelines Board just voted 7-1 to freeze rent increases for one- and two-year leases, offering real relief to about a million apartments. This key promise from Mayor Mamdani’s administration is already paying off for savvy tenants who’ve been strategically planning their renewals — one longtime resident even locked in a one-year lease last year and is now poised to sign a two-year lease with zero increase. While the freeze doesn’t apply to leases starting before October 1, all renewals from October 2024 through…
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