What are the differences between an individual apartment increase and a Major Capital Improvement (MCI) increase?
An owner may increase the rent for an improvement to an individual apartment (e.g. new stove, refrigerator, etc.) by 1/40 of the total cost of the improvement without approval from DHCR. However, the owner must have the written consent of the tenant in occupancy to collect the rent increase, and for a rent-controlled apartment, the owner must send a written notice of the rent increase to DHCR on form RN-79b, Owner’s Notice Of A Rent Increase Based On Increased Services /New Furnishings /Equipment / Painting; And Tenant’s Statement Of Consent. For improvements made while an apartment is vacant, the written consent of the new tenant is not required. An owner must file an Owner’s Application For Rent Increase Based On Major Capital Improvements (MCI) (form RA-79) with DHCR to increase the rent for a Major Capital Improvement which benefits the entire building. The consent of the tenants is not required. The owner, however, must first receive approval from DHCR prior to collecting this inc
Related Questions
- Can my landlord ask me to pay the annual allowable rent increase if he or she is already asking me to pay a Capital Improvement rent increase?
- What are the differences between an individual apartment increase and a Major Capital Improvement (MCI) increase?
- Can my landlord charge the annual allowable rent increase percentage on an approved Capital Improvement amount?
