Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase - New York 2025

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no limit on how much your landlord can increase your rent. However, your landlord must give you advanced written notice before they can raise your rent 5% or more. advance written notice. This applies to month-to-month tenants without a lease as well.
Tell them what you told us, how much the current rent is, what the new rent is, why its gone up and make sure to include your contact details. I usually produce a new lease for rent increases as it is easier to argue the toss if you disagree at a later stage about it.
The local rent standard is set every year at the rate of inflation plus 5%, with a maximum of 10% total. A rent increase is considered unreasonable under Good Cause Eviction if the rent increase is higher than the local rent standard.
How much has average rent changed in New York, NY? In the past year, rent has increased by 2%, which averages out to $79 more per month.
Tenants who think they are being overcharged can file an overcharge complaint with the Office of Rent Administration (ORA). The Division of Housing and Community Renewal (DHCR) may order owners of rent stabilized apartments to lower the legal rent and refund excess rent collected based on a finding of rent overcharge.
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A notice of rent increase letter should include the following: Your name and contact information. Date of document. A greeting that addresses each tenant by name. The propertys address. The date the original lease went into effect. The date the original lease will end. The current rent amount. The proposed new rent amount.
Limits annual rent increases to no more than 5% + local CPI or 10% whichever is lower. As of August 2023, the maximum allowable annual rent increase in the Los Angeles Area is restricted to 8.8% (5% + CPI of 3.8%).

raise the rent letter