Alert: Final Vote on Lease Adjustments

June 24, 2021

Photo by Charles Parker from Pexels

Follow this link for more information on proposal-specific fractional terms, escalator clauses, special adjustments under prior orders, special guidelines, and decontrolled units:

Two options for attendance:

  • Livestream the meeting via YouTube
  • https://www.youtube.com/watch?v=PM2ojNBNwEA 
  • Listen to the meeting using your telephone:
    • Dial 646-558-8656, then when prompted, entering Meeting ID: 851 7665 3671
    • When prompted for Participant ID, pressing #; then when prompted, entering Passcode: 814706

Below are the proposals: 

2021 Apartment and Loft Order #53, Proposal 1:

  • Annual adjustments for leases for apartments:
  •  For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 2% for the second year of the lease.
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 2% for the second year

2021 Apartment and Loft Order #53, Proposal 2:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%

2021 Apartment and Loft Order #53, Proposal 3:

  • Annual adjustments for leases for apartments:
  •  For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first 6 months of the lease and 1.5% for the remaining 6 months of the lease.
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first 6 months of the lease and 1.5% for the remaining 6 months of the lease.
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%

2021 Apartment and Loft Order #53, Proposal 4:

  • Annual adjustments for leases for apartments:
  •  For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: -5%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: -5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%

2021 Apartment and Loft Order #53, Proposal 5:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: -2.5%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: -2.5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%

2021 Apartment and Loft Order #53, Proposal 6:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%

2021 Apartment and Loft Order #53, Proposal 7:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%

2021 Apartment and Loft Order #53, Proposal 8:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 1% for the second year of the lease.
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 1% for the second year.

2021 Apartment and Loft Order #53, Proposal 9:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 1.5% for the second year of the lease.
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 1.5% for the second year.

2021 Apartment and Loft Order #53, Proposal 10:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%

2021 Apartment and Loft Order #53, Proposal 11:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 2% for the second year of the lease
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 2% for the second year.

2021 Apartment and Loft Order #53, Proposal 12:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2%

2021 Apartment and Loft Order #53, Proposal 13:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.75%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 5.75%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.75%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 5.75%

2021 Apartment and Loft Order #53, Proposal 14:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0.5%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0.5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%

2021 Apartment and Loft Order #53, Proposal 15:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2%

2021 Apartment and Loft Order #53, Proposal 16:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%

2021 Hotel Order #51, Proposal 1:

  • Rent guidelines for hotels, rooming houses, single room occupancy buildings, and lodging houses
  • The allowable level of rent adjustment over the lawful rent actually charged and paid on September 30, 2021 shall be:
  • 1) Residential Class A (apartment) hotels – 0%
  • 2) Lodging houses – 0%
  • 3) Rooming houses (Class B buildings containing less than 30 units) –  0%
  • 4) Class B hotels – 0%
  • 5) Single Room Occupancy buildings (MDL section 248 SRO’s) –   0%


On Wednesday night at 7pm, the public will be able to attend the Final Vote on lease adjustments for rent stabilized apartments, lofts, and hotels. The proposed rent guidelines will be in effect for the period between October 1st, 2021 and September 30th, 2022.

Follow this link for more information on proposal-specific fractional terms, escalator clauses, special adjustments under prior orders, special guidelines, and decontrolled units:

Two options for attendance:

  • Livestream the meeting via YouTube
  • https://www.youtube.com/watch?v=PM2ojNBNwEA 
  • Listen to the meeting using your telephone:
    • Dial 646-558-8656, then when prompted, entering Meeting ID: 851 7665 3671
    • When prompted for Participant ID, pressing #; then when prompted, entering Passcode: 814706

Below are the proposals: 

2021 Apartment and Loft Order #53, Proposal 1:

  • Annual adjustments for leases for apartments:
  •  For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 2% for the second year of the lease.
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 2% for the second year

2021 Apartment and Loft Order #53, Proposal 2:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%

2021 Apartment and Loft Order #53, Proposal 3:

  • Annual adjustments for leases for apartments:
  •  For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first 6 months of the lease and 1.5% for the remaining 6 months of the lease.
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first 6 months of the lease and 1.5% for the remaining 6 months of the lease.
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%

2021 Apartment and Loft Order #53, Proposal 4:

  • Annual adjustments for leases for apartments:
  •  For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: -5%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: -5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%

2021 Apartment and Loft Order #53, Proposal 5:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: -2.5%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: -2.5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%

2021 Apartment and Loft Order #53, Proposal 6:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%

2021 Apartment and Loft Order #53, Proposal 7:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%

2021 Apartment and Loft Order #53, Proposal 8:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 1% for the second year of the lease.
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 1% for the second year.

2021 Apartment and Loft Order #53, Proposal 9:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 1.5% for the second year of the lease.
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 1.5% for the second year.

2021 Apartment and Loft Order #53, Proposal 10:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%

2021 Apartment and Loft Order #53, Proposal 11:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year of the lease and 2% for the second year of the lease
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0% for the first year and 2% for the second year.

2021 Apartment and Loft Order #53, Proposal 12:

  • Annual adjustments for leases for apartments:
  • For a one-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • For a two-year renewal lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2%

2021 Apartment and Loft Order #53, Proposal 13:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.75%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 5.75%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.75%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 5.75%

2021 Apartment and Loft Order #53, Proposal 14:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 0.5%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 0.5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%

2021 Apartment and Loft Order #53, Proposal 15:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2%

2021 Apartment and Loft Order #53, Proposal 16:

  • Annual adjustments for leases for apartments:
  • For a one-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
  • For a two-year lease commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%
  • Annual adjustments for lofts: 
    • For one-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 1.5%
    • For two-year increase periods commencing on or after October 1, 2021 and on or before September 30, 2022: 2.5%

2021 Hotel Order #51, Proposal 1:

  • Rent guidelines for hotels, rooming houses, single room occupancy buildings, and lodging houses
  • The allowable level of rent adjustment over the lawful rent actually charged and paid on September 30, 2021 shall be:
  • 1) Residential Class A (apartment) hotels – 0%
  • 2) Lodging houses – 0%
  • 3) Rooming houses (Class B buildings containing less than 30 units) –  0%
  • 4) Class B hotels – 0%
  • 5) Single Room Occupancy buildings (MDL section 248 SRO’s) –   0%

Founded by attorneys Andreas Koutsoudakis and Michael Iakovou, KI Legal focuses on guiding companies and businesses throughout the entire legal spectrum as it relates to their business including day-to-day operations and compliance, litigation and transactional matters.

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