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Collection for Major Capital Improvement

Posted by Paul on May 09, 1999 at 18:13:37:

Our LL recently won a partial victory in a multi-year fight regarding Major Capital Improvements in the building. Now he's trying to collect the accrued amount of the increase all at once. I thought LLs were only allowed to charge 6% of the rent per year towards MCI increases, and that they couldn't collect the amount accrued during legal procedings. Anyone know about this? Thanks.

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