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Re: landlords lose: this is MBR increase of 7.5%

Posted by terri on January 10, 2001 at 19:51:53:

In Reply to: landlords lose: Rent Control increases stay at DHCR rates posted by terri on January 10, 2001 at 19:28:17:

: Landlords lose 1st appeal: Appellate Division affirms last summer's Supreme Court decision: DHCR's used the right formula for Rent Control increases.

In NYC, rent control operates under the Maximum Base Rent
(MBR) system. A maximum base rent is established for each
apartment and is adjusted every two years to reflect changes in
operating costs. Owners who certify that they are providing
essential services and have removed violations may raise rents by
up to 7.5% each year until the MBR limit is reached. Tenants may
challenge the increase on the grounds that the building has
violations, the owner's expenses do not warrant an increase, or
the owner is not maintaining essential services. See Fact Sheet
#22, "Maximum Base Rent Program" for additional information.

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