Posted by TenantNet on February 21, 1999 at 14:38:34:
In Reply to: Re: Possible Apartment renovations posted by W Cramer on February 18, 1999 at 12:50:29:
: What kind of apartment...is it regulated? In NYC in order to raise the rent of a regulation apartment the landlord must pay out of pocket for capital improvement, submit an MCI increase request. If its a improvement like new refrigerator or stove the landlord again pays for it and asks for a 1/40th of cost rent increase...in this case however the tenant can refuse until lease renewal time.
: Whatever the case if you're paying for approved improvements then the landlord can not ask for a rent increase but of course may try scare you off to get a higher paying tenant....my advise its not your property pay for no improvments out of your pockets because if end up leaving landlord just got a higher rent without any out of pocket expenses.
Major Capital Improvements must be building-wide. Individual apartment
improvements can only result in increased rent between tenants (not at
lease renewal time as you indicated) unless the tenant agrees. Tenants
can always refuse.
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