Posted by Jack A on March 11, 1999 at 09:42:45:
In Reply to: Multiple MCI Retroactive Rent Increases posted by Jill on March 08, 1999 at 19:01:42:
You probably already know more than I do, as I've only had a single MCI, not a multiple:
MCI's and their increases are very complicated and the landlord's calculations should not be assumed to be accurate. Did/does your building have a tenants association keeping tabs on this? They have probably figured it out. Or contact your neighbors.
There is a basic cap of 6% of your current rent in any given year, with exceptions. This is from DHCR's Fact Sheet #11: on tenant.net or the DHCR site:
"For rent stabilized apartments in NYC, the rent increase collectible in any one year may not
exceed 6% of the tenant's rent, as listed on the schedule of monthly rental income filed with the
owner's application. Increases above the 6% cap can be spread forward to future years. How
this annual 6% cap affects the collectibility of the temporary retroactive portion of the MCI rent
increase is addressed in each order granting the MCI rent increase. "
A phonecall or visit to DHCR might also clarify things.
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