Maximum Rent Can't Exceed Comparable Rent-Stabilized Rent

LVT Number: #24559

Landlord filed an Owner's Sixty-Day Notice of Maximum Rent Adjustment for rent-controlled tenant in Mamaroneck building. The application sought to increase tenant's rent from $1,209 to $1,324 per month, based on the authorized rent increase of 9.5 percent. The DRA ruled against landlord, finding that the maximum rent for a rent-controlled tenant couldn't exceed the average legal regulated rent for comparable rent-stabilized tenants within the same Zip code as landlord's building. That average was less than $1,209 at the time of landlord's application.

Full Article Access:

Full access to complete articles from Landlord v. Tenant is for subscribers only.

Not yet ready to subscribe?