NYS DHCR Fact Sheet #24

Citation
NYS DHCR Fact Sheet #24
Jurisdiction
New York (state)
Source verification
official_capture_completeness_unverified
Original Source
https://hcr.ny.gov/fact-sheet-24 ↗

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Full Text

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FACT SHEET # 24

Major Capital Improvements (MCI)
9 PAGES

SUMMARY AND HIGHLIGHTS
AT A GLANCE MCIs are building-wide improvements to systems such as boilers,
This Fact Sheet windows, electrical rewiring, plumbing and roofs. Unnecessary cosmetic
describes owners’ rights improvements or work done in individual apartments that is not otherwise
an improvement to the entire building are not eligible for MCIs.
and responsibilities
when raising rent after
upgrading a building Requirements • To be eligible for a rent increase, the MCI must be a
that’s subject to rent- new installation and not a repair to old equipment.
stabilization or rent- • Any claimed MCI cost must be supported by adequate
control laws. documentation.