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Posted by   on January 13, 2001 at 15:53:48:

In Reply to: Re: Landlord sent offer letter to vacate. Help! posted by gary on January 13, 2001 at 14:44:13:

Even under the newly-revised Rent Stabilzation Code, the landlord should have offered you a renewal lease by December 31, 2000, if your current lease expires March 31, 2001.

Rent increases for major capital improvements (MCIs) are limited to 6% a year, plus an additional 6% for any retroactive increase.

DHCR Fact Sheet #24 is not on DHCR's website; this is the version available from TenantNet:

http://www.tenant.net/DHCR_info/Fact_Sheets/fact24.txt

Also, do not consent to any improvements in your apartment, unless you want them and are willing to pay for them. Those improvements are much more expensive than MCIs (a monthly increase of 1/40 of the cost of the improvement vs. 1/84 for an MCI) and there is no limit on the percentage increase, as there is with MCIs.

• DHCR Fact Sheet #24 - MCIs (TenantNet)

Follow Ups:

• Re: Landlord sent offer letter to vacate. Help! georgygirl 01/17/01 (0)
• Re: Landlord sent offer letter to vacate. Help! georgygirl 01/17/01 (0)

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Comments:
: Even under the newly-revised Rent Stabilzation Code, the landlord should have offered you a renewal lease by December 31, 2000, if your current lease expires March 31, 2001.  

: Rent increases for major capital improvements (MCIs) are limited to 6% a year, plus an additional 6% for any retroactive increase.  

: DHCR Fact Sheet #24 is not on DHCR's website; this is the version available from TenantNet:  

: http://www.tenant.net/DHCR_info/Fact_Sheets/fact24.txt  

: Also, do not consent to any improvements in your apartment, unless you want them and are willing to pay for them.  Those improvements are much more expensive than MCIs (a monthly increase of 1/40 of the cost of the improvement vs. 1/84 for an MCI) and there is no limit on the percentage increase, as there is with MCIs.  


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