Kavanau v. Santa Monica Rent Control Board, 19 Cal. App. 4th 730 (1993)

Citation: Kavanau v. Santa Monica Rent Control Board, 19 Cal. App. 4th 730 (1993)
Parent Document: Kavanau v. Santa Monica Rent Control Board, 19 Cal. App. 4th 730 (1993)
Jurisdiction: California (state)
Effective Date: 1993-10-21
Original Source: https://www.courtlistener.com/opinion/2270028/kavanau-v-santa-monica-rent-con... ↗

Full Text

522 chars

We are not asked on this appeal to decide whether the MNOI properly excludes from consideration a landlord’s debt service. We note, however, that we can’t accept the Board’s overly broad assertion that this expense is properly excluded “because payments towards debt service build equity and therefore benefit the owner.” “Debt service” includes interest, not just principal and, at a minimum, debt service is a factor which appears .relevant to the determination whether, in fact, a landlord is receiving a fair return. 4

Other Sections in This Document (48)

Full Text