So if he has a month where he doesn't pay rent and the house grows at 1% in equity during that month, he's not entitled to that equity. That's all laid out in the agreement. We have this lease.

by Adam Daly, amNY The New York City Rent Guidelines Board on Tuesday revised its preliminary decision on rent increases for roughly one million rent-stabilized apartments, lowering the proposed range ...

Indeed, last year the Rent Guidelines Board voted 5-4 to approve a 2.75% increase for one-year leases and a 5.25% for two-year leases. The last time there were no increases was the pandemic ...