The New York City Rent Guidelines Board has voted rent can go up 4 percent on one-year leases and 7.75 percent on two-year leases on rent-stabilized apartments.
Under the proposal, a one-year lease could see a rent increase from 3.25 percent to 6.25 percent. A two-year lease could go up from 5 percent to 9.5 percent, according to the rent board.
A landlord in the Ozone Park section of Queens says that the court system is completely unfair to landlords, and he cites one specific example to prove his case.
Hardest-hit are ethnic urban neighborhoods, where about twice as many renters are forced to leave as in the general population, according to housing experts.
Aggravated arson charges were filed against a New Jersey man who allegedly set fire to the home he was renting after the owner started eviction proceedings.