Posted by TenantNet on February 20, 1999 at 19:53:16:
In Reply to: What's the latest on Rent Control? posted by PaulS on February 10, 1999 at 06:14:00:
: I heard that the legislature or some other body was considering a 32.8%
: increase by landlords which was reduced to 7 1/2% and that because
: of the delay a retroactive 3% increase is being tacked onto this.
: Some help anyone?
Boy are you confused, and probably not Rent Controlled if you don't
understand -- and if not rent controlled, it won't affect you. The 32.8%
was a proposed MBR increase. I believe it's still in litigation, but read
the Met Council paper on TenantNet for more up-to-date info. The 7.5% incease
is the MCR, not the MBR. It's not the legislature; it'a already law. If you
don't understand this, get a primer on the difference between RC and RS
on the web site.
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