Renovation

… 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 …

… recently passed state budget  State legislators raised the cap on the amount a landlord can increase a rentstabilized … rent increases are permanent Previously rent hikes were capped at $83 or $89 for $15000 worth of improvements over … up to $347 in buildings with 35 or fewer units The higher cap is meant to target the units that need the most work …