Posted by New York Tenant on September 20, 2001 at 21:14:59:
In Reply to: Think its 1/40 all around. Never heard the 1/72 number (nt) posted by MikeW on September 20, 2001 at 14:59:03:
The monthly rent increase for a Major Capital Improvement (MCI) is the tenant's proportionate share of 1/84 of the costs of the buildingwide improvements.
The monthly rent increase for improvements in an individual apartment -- to which the tenant must consent -- is 1/40 of the cost of the improvements in that apartment.
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