Landlord not entitled to maximum rent adjustment.

Position:RENT INCREASE DENIED
 
FREE EXCERPT

Yonkers landlord filed a 60-day notice of maximum rent adjustment with the DHCR, seeking a rent increase for rent-controlled tenant. The DRA ruled against landlord and denied a 9.5 percent increase in tenant's maximum rent for the two-year period starting Oct. 1, 2010. Landlord appealed and lost. Under the State Rent and Eviction Regulations, tenant's maximum rent can't be greater than the average legal regulated rent for comparable apartments subject to the ETPA. The average...

To continue reading

FREE SIGN UP