Warren A. Estis and Jeffrey Turkel
In their Rent Stabilization column, Warren Estis and Jeffrey Turkel discuss recent cases concerning major capital improvements (MCIs) and find that where a landlord elects to perform an MCI, it must be certain that even its minimal return on investment will be protected.
September 01, 2020 at 10:40 AM
1 minute read
MCIs are not what they used to be. Before the Housing Stability and Tenant Protection Act (HSTPA), the amortization period for approved costs was 96 months in buildings with 35 or fewer units, and 108 months in buildings with more than 35 units. Part K of the HSTPA extended those periods to 144 months and 150 months, respectively.
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