What is a 'major capital improvement' and how does it affect the rent?

… not feel so happy when the see the phrase major capital improvements Thats the term used for upgrades that justify a … even in the middle of a lease The city defines an MCI as an improvement benefiting all the tenants in the building … … Efforts to tighten the definition of these kinds of improvements could come in 2019 In addition there could be …

By Celia Young |September 11, 2024 - 10:30AM
How can our condo building pay for capital improvements?

… … Your condo building has a number of options for funding the cost of major repairs  our  experts  say  … capital improvements besides a huge special assessment … Live … Troubleshooting … Ask an Expert … assessment … …

By Alanna Schubach |January 18, 2022 - 12:30PM
I renewed my lease with no rent increase. Why do I have to pay extra for a new major capital improvement?

… … If your landlord has legitimately made a substantial improvement to the building they can raise your rentbut only … an extent  our  experts  say An MCIthat is a major capital improvement is an improvement that benefits all tenants in a rental building …

By Alanna Schubach |November 15, 2021 - 12:30PM