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today i want to go over with you how to prepare a renewal lease for a rent-stabilized apartment this is an overview its meant as a informational piece and its not all-encompassing so please be aware of that so first of all what is a rent-stabilized apartment rent-stabilized department is apartment where the government stipulates the rent increase each year through an organization called the rent guidelines board the rgb so this happens typically around the fall and the rgb gives you the rates for a one year lease and a two year lease and you use those rates in calculation with your current lease to get the new legal rent well talk about that in just a second so theres a lot of liability in affordable housing and how do you how do you deal with that the way that you deal with that is by being very meticulous and being very very well organized so for instance you have to get a renewal lease form to the tenant about 90 to 120 days before their current lease ends and you want to make s
