Annual NYC Rent Battle Underway

hi rise.jpgThe annual battle over rent hikes could get heated today as landlords and tenants make their cases at a rent guidelines board public hearing at the City Planning Commission.

Landlords say rising costs, especially fuel prices make it necessary for them to raise rents – and they’re looking for a 10 to 15 percent increase on rent stabilized apartments.

But tenants say that’s way too much.

A preliminary vote is set for Monday. The final vote is scheduled for June.

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