Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Joseph Bubanj
  • Contractor
  • New Hyde Park, NY
1
Votes |
8
Posts

Procedure on increasing tenants rent in NYC

Joseph Bubanj
  • Contractor
  • New Hyde Park, NY
Posted

Hello :

I am brand new here on BP and fairly brand new to real estate.  My father passed a few years ago and my my mother is aging and she has asked me to help her with a rental property she owns in New York City, Queens to be exact.  One of my first tasks is to increase one of the tenants rent.  In the past my mother would raise the rent verbally and in past years my parents never used leases.  A few years ago I started drawing up leases for my mom and I was in charge of renewing leases and for the first time she has asked me to increase a tenants rent.

What is the proper procedure on increasing a tenants rent in New York City?  I would appreciate any help.

Thank you,

Joe     

Most Popular Reply

User Stats

213
Posts
159
Votes
Amit Kal
  • Investor
  • Sunnyside, Queens, NY
159
Votes |
213
Posts
Amit Kal
  • Investor
  • Sunnyside, Queens, NY
Replied

Is the tenant rent regulated or free market? If the tenant is in a 2-3 or 4 family home, then the tenant is likely not rent regulated so you can increase the rent at lease renewal time as much as you want, just make sure the rent is in the lease renewal.  

Loading replies...