What is the basis of Major Capital Improvement (MCI) rent increases?
Major Capital Improvement (MCI) increases are allowed by law and regulation and have been upheld by the courts. The legislature has directed that the increases continue to be a part of the rent to provide an incentive for owners to improve New York State’s housing stock. For more information about MCIs see Fact Sheet #11.
Related Questions
- The property where I live is in the Rent Escrow Account Program (REAP). Do I still have to pay the Capital Improvement rent increase?
- As a rent stabilized tenant, do I have to pay increases for major capital improvements (MCIs) in perpetuity?
- What is the basis of Major Capital Improvement (MCI) rent increases?
