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 … apartments the increase for the year is capped at 15 percent Tenant advocates argue landlords are getting …

By Celia Young |September 11, 2024 - 10:30AM