major capital improvements
… financing Often when a condo building needs to make major improvements the board opts for a special temporary … time permitting or the condominium can obtain a capital improvement loan Increasing common charges in order to … loan to make capital improvements and spread the cost over 10 to 15 years There are different types of loans that …
… … 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 … the rent stabilization threshold Legislation passed in 2019 capped MCI rent increases among many other reforms Now …
… certain upgrades to the building known as major capital improvements Tenants have very common misconceptions … purpose of MCIs was to incentivize landlords to do capital improvements that were difficult to afford because the rents … passed the Housing Stability and Tenant Protection Act of 2019 HSTPA which includes new MCI provisions that curtail …
… 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 … apartments the increase for the year is capped at 15 percent Tenant advocates argue landlords are getting …