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Renovation Expenses

NYC Housing Court Practice/Procedures

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Renovation Expenses

Postby c.hull » Mon Jun 02, 2003 10:12 pm

A new owner bought the builidngs 4-01. They now own 4 bldgs., at least 20 apts. in ea.
The apts. are rent stabilized or rent controlled. All are dependent on 1 boiler and 1 hot water system.
When a tenant leaves, through a buy out, or tenants' life changes, the apts. are "gut renovated".
How can anyone find out the real up- grade expenditures of the owners?
Apts. that rented under R.S. for 800.00, or less are now going for 1,900. One 20% vacancy alowance, and they are removed from the R.S.
system. The infrastructure- hot water, heat, has not been upgraded. It's totally cosmetic. Better lit hallways,
Newly painted, and carpeted.
I'm expecting an attempt for an MCI increase soon. New tenants are so desperate, 2-3 to an apt.,to afford the new rent, they won't speak to the older tenants.
There are many issues in my note, but does anyone out htere have a method of discovering the actual expenditures of an owner, in renovating an apt.?
c.hull
 
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Re: Renovation Expenses

Postby joliett » Wed Jun 04, 2003 2:46 am

The landlord can charge any amount for improvements...as long as the landlord can document his expenses according to the DHCR regulations. So even if you can find a contractor that would do the job for half the price, it is of no value to you when trying to fight a rent increase based on improvements.

BUT, the improvements must not be just for remodeling, and they must be done according to NYC Codes and regulations, and not violate the NYS Warranty of Habituality.

Public hallways don't count either.

Sometimes a knowledgable professional can find the issues you are looking for ...
Joel Teicher, P.E.
www.TenantEngineer.com
joliett
 
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