DHCR Issues MCI Policy Statement Regarding Non-Construction Costs

When you get a major capital improvement (MCI) performed at your building, you may have non-construction expenses such as general contractor or architect/engineer fees related to the underlying MCI project. For example, you may hire an engineer when you get your building’s parapet replaced. But can you include the engineer’s or architect’s fees as part of the cost of the MCI when you calculate your rent increase?

Full Article Access:

Full access to complete articles from New York Apartment Law Insider is for subscribers only.

Not yet ready to subscribe?