Eyewitness NewsNEW YORK (WABC) -- Landlords and tenants face off Thursday night at a vote by the New York City Rent Guidelines Board. The results will affect the people who own or live in 1 million rent-stabilized apartments.
Based on a preliminary vote earlier this year, rents could increase as much as 4 percent on a one-year lease and by up to 6.75 percent on a two-year lease.
Both the tenants and the landlords say the process is unfair.The final vote on the increase will happen after public testimony.
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