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major capital improvements
What is a 'major capital improvement' and how does it affect the rent?
… not feel so happy when the see the phrase major capital improvements Thats the term used for upgrades that justify a … even in the middle of a lease The city defines an MCI as an improvement benefiting all the tenants in the building … of Housing and Community Renewal Theres generally a period where tenants are notified about the work and have an …
I renewed my lease with no rent increase. Why do I have to pay extra for a new major capital improvement?
… … If your landlord has legitimately made a substantial improvement to the building they can raise your rentbut only … an extent our experts say An MCIthat is a major capital improvement is an improvement that benefits all tenants in a … status MCI rent increases are prohibited in buildings where fewer than 35 percent of the apartments are …
Ask Sam: Should my neighbors and I hire a lawyer to deal with a possible rent increase for an elevator repair?
… at HMGDJ law who represents tenants battling capital improvementrelated rent increases points out that many firms … or fewer rent regulated apartments as well as buildings where there is a C immediately hazardous or B hazardous … an attorney that has a lot of experience with Major Capital Improvements because its a very specialized area of the law …
Ask Sam: What's a 'major capital improvement,' and does it really mean my landlord can raise the rent?
… What youve heard is true Your landlord can indeed hike the rent of rentstabilized and rentcontrolled apartments even in the … and Tenant Protection Act of 2019 HSTPA which includes new MCI provisions that curtail landlords ability to make …
I'm a rent-stabilized tenant and I got a MCI increase lowered by $159,000 for my building
… J ulia Campanelli has lived in her rentstabilized apartment on West 34th between Ninth and …
Ask Sam: Is my landlord obligated to upgrade my ancient kitchen?
… Dear Sam Is there any type of requirement in rentstabilized apartments for the landlord to updateupgrade …
Ask Sam: Can my landlord charge me extra if I build shelves into my apartment?
… to install wall mounted shelving Does this constitute an improvement or alteration requiring written consent of the … tenant adding a full commercial kitchen to a retail space However kitchen cabinets that are attached to the walls with … 160th of the cost of work Its like a Major Capital Improvement in that its a permanent increase in the monthly …