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Posted by Sy Pearlman on December 29, 2001 at 21:29:44:

The landlord recently completed capital improvements to our
mixed rental building in NYC. Each apartment was assessed for the improvement based on the number of rooms, the payments are to be made monthly (in addition to rent) and we were told that the total cost would be amortized in six years. Is it true, that
even when the total cost ($250,000) is paid off, we will continue
to be billed for this capital improvement forever ? Why?
It's like buying a car on payments, paying off the loan and then
continuing to pay for the car. Where can I find legal precedents
or housing law for this situation?

Follow Ups:

• Re: Capital improvements: MCI's, forever Jane 12/31/01 (0)
• Renting isn't owning Blue Zephyr 12/31/01 (7)
  • Warning TenantNet 12/31/01 (6)
    • Is Tenant Net run by a wannabe landlord? Blue Zephyr 12/31/01 (5)
      • Re: Is Tenant Net run by a wannabe landlord? - not quite..... me again 01/10/02 (2)
        • Final word TenantNet 01/10/02 (1)
          • Re: Final word me again... 01/10/02 (0)
      • You're an idiot Blue Zephyr Commen Sense 01/05/02 (1)
        • Re: You're an idiot Blue Zephyr - but at least he can spell..... me again 01/10/02 (0)
• Re: Capital improvements Lilly 12/30/01 (0)

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Comments:
: The landlord recently completed capital improvements to our
: mixed rental building in NYC. Each apartment was assessed for the improvement based on the number of rooms, the payments are to be made monthly (in addition to rent) and we were told that the total cost would be amortized in six years. Is it true, that
: even when the total cost ($250,000) is paid off, we will continue
: to be billed for this capital improvement forever ? Why?
: It's like buying a car on payments, paying off the loan and then
: continuing to pay for the car. Where can I find legal precedents
: or housing law for this situation?


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