Sponsor to Pay for New Windows

July 31, 1994

LVT Number: 8972

Sponsor applied for MCI rent hikes based on the installation of new windows. The DRA denied the application, and sponsor appealed. The DHCR upheld the DRA's decision, and sponsor appealed again. Sponsor loses. The building's offering plan specified that sponsor will pay the entire cost of new windows, and that nonpurchasing tenants won't be subject to MCI rent hikes for them.

Sponsor applied for MCI rent hikes based on the installation of new windows. The DRA denied the application, and sponsor appealed. The DHCR upheld the DRA's decision, and sponsor appealed again. Sponsor loses. The building's offering plan specified that sponsor will pay the entire cost of new windows, and that nonpurchasing tenants won't be subject to MCI rent hikes for them.

Matter of Fulton Terrace Associates: NYLJ, p. 36, col. 3 (7/5/94) (App. Div. 2 Dept.; Mangano, JP, Altman, Hart, Florio, JJ)

Topics

More like this