How to Get 1/60th Rent Hike for Extra Work Done by Employee
If you own a building with more than 35 apartments, you pay a building employee extra to make improvements to an apartment, and the employee does the work outside normal working hours, you can collect a monthly rent increase amounting to 1/60th of what you pay the employee. The increase bumps up to 1/40th of the cost of improvements for buildings containing 35 or fewer apartments.
When Can You Get Rent Hike?
You can get a rent hike for the employee’s labor if: