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Is a New Boiler Considered a Capital Improvement?

Posted by Michelle on September 24, 1999 at 16:17:25:


Hi. I just got a letter in the mail stating that my (already exorbitant) rent is going to be increased to offset the cost of a new boiler for my building. I was under the impression that an "improvement" is something that increases the quality-of-life in the building. Not something which is just supposed to maintain the status quo. Am I misguided somehow?

I'd appreciate any info, even if someone could just direct me to an earlier posting which has already addessed this issue.

The reason I am up in arms about this increase is because even with this "new" boiler (the cost of which was inflated by several tens of thousands of dollars, I think), I am still without hot water on average of once a week. As well, the stairways in my building are appalling. There've been giant puddles and a smashed window in the stairwell ever since Hurricane Floyd hit last week.

What to do? Any suggestions much appreciated.

Thanks,
Michelle



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