Posted by New York Tenant on July 23, 2001 at 08:11:47:
In Reply to: MCI as part of Base Rent? posted by Richard on July 22, 2001 at 22:28:26:
An MCI rent increase is permanent and becomes part of the base rent, up to a maximum of 6% a year. If you are also being billed for a retroactive MCI increase, over and above the monthly MCI increase, that increase is already a part of the base rent.
: I live in a rent stablized apartment in Manhattan. Recently the owner was granted a substantial MCI increase. That increase is now showing up on my monthly rent bill, as a separate item. (I'm paying it, of course.)
: But now my lease is up for renewal, and I've noticed that in the new lease, the owner has included the MCI as part of my Base Rent, so the increase (6% over two years) is based on that total amount.
: Is this right? Is the MCI part of the Base Rent now?
: Any help would be appreciated.
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