Beat Improvement Rent Hike Challenges When Owner and Contractor Are Related Entities

Beat Improvement Rent Hike Challenges When Owner and Contractor Are Related Entities



If you make improvements to a rent-regulated apartment or you make a building-wide major capital improvement (MCI) to a property, you may be entitled to a rent increase. The amount of an “individual apartment improvement” rent increase is equal to 1/40th of an improvement's cost.

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