Landlord Didn't Document Cost of IAIs
LVT Number: #28119
The DHCR's Tenant Protection Unit (TPU) commenced an individual apartment improvements (IAI) audit and asked for proof justifying IAI rent increases collected by landlord. Landlord submitted some records, and claimed that it paid $50,000 for IAIs, including $30,000 in cash. For this reason, TPU conducted an apartment inspection. The TPU's Audit Determination Notice disallowed landlord's claimed IAIs and directed landlord to reduce tenant's rent and refund an overcharge.
Sha Realty: DHCR Adm. Rev. Docket No. ER210040RO (10/24/17) [9-pg. doc.]