Preferential rent rider form nyc 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the 'Last Legal Regulated Rent' in the designated field. This is crucial as it establishes the baseline for your preferential rent.
3. If applicable, input any authorized 421a (2.2%) increase in the next field. This will help calculate your new legal regulated rent.
4. Next, calculate and enter the 'New Legal Regulated Rent' inclusive of any increases. Ensure accuracy to avoid future discrepancies.
5. Fill in the 'New Preferential Rent' field, which should reflect your current preferential rate including any applicable increases.
6. If you have exercised the Early Rent Option, indicate this in the corresponding section; otherwise, select 'Not Applicable'.
7. Finally, ensure all tenant signatures and witness signatures are completed at the bottom of the form for validation.

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