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Article: MBR hearings underscore rent-control problems. (Maximum Base Rent)
- Article from:
- Real Estate Weekly
- Article date:
- November 13, 1991
- Author:
CopyrightCOPYRIGHT 1991 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MBR hearings underscore rent-control problems
Hearings held last week to discuss the calculation of the Maximum Base Rent (MBR) for rent-controlled apartments highlighted the problems between apartment house owners and those tenants still in possession.
Hearings are held every two years by the Division of Housing and Community Renewal (DHCR) to determine the increases in rent for the occupants of New York City apartments who, as one official put it, are a "dying breed."
Rent-controlled apartments that have not had a new tenant since before July 1, 1971 can be in the same building with rent-stabilized apartments as well as in those buildings which ...