The Rent Guidelines Board in Kingston, NY this week approved a 15% rent reduction that applies to renters of 1,200 apartments in 64 rent-stabilized buildings with leases between Aug. 1, 2022 and Sept. 30, 2023.

The board also established a three-year “look-back” period for tenants to challenge their base rent if they believe it exceeded the fair market price. Future adjustments would be applied to the lower rent if the challenge is successful.

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Jack Rogers

GlobeSt

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