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이미지 출처：https://www.thecity.nyc/2024/03/28/rent-guidelines-board-increases-landlords/?utm_source=newsshowcase&utm_medium=gnews&utm_campaign=CDAqEAgAKgcICjC19MELMNeP2QMwns3bAQ&utm_content=rundown

According to the article from The City, the Rent Guidelines Board has approved increases for landlords in New York City. The board, which sets limits on how much landlords can raise rents for about one million rent-stabilized apartments in the city, voted for a 1.5% increase for one-year leases and a 2.5% for two-year leases.

This decision comes after months of debate and discussions among board members and housing advocates. While landlords argue that the increase is necessary to cover rising operating costs, tenant advocates say that many New Yorkers are already struggling to afford their rent.

The decision will affect tenants in rent-stabilized apartments across the city and will take effect for leases that begin on or after October 1st. This increase is the lowest since 2017 and is seen as a compromise between landlords and tenants.

Some tenants are relieved that the increase is not higher, while others are concerned about how they will afford the additional cost. The Rent Guidelines Board’s decision is expected to have a significant impact on the housing market in New York City.