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Rent Guidelines Board Order #57 goes into effect today. The RGBO applies to renewal leases for rent-stabilized apartments, beginning anytime after Oct. 1, 2025, through Sept. 30, 2026. You can take 3% on a one-year lease and a 4.5% increase for two-year leases.
If your building has a central heating system, you must provide heat every day from Oct. 1 through May 31. Between 10 p.m. and 6 p.m., you must maintain a temperature of at least 62° F in your tenants' apartments regardless of the outside temperature.
Service Employees International Union (Local 32BJ) contribution to the pension and welfare fund is due today. To avoid interest and penalties, pay by the end of October.