240 Manor Circle

Date: 

Friday, July 26, 2013

Case: 

Issue: 

Landlord filed a Fair Return Rent Increase petition on 7/26/13 for a higher rent increase above the annual Rent Stabilization Allowance.

COLTA Decision: 

After review of the required documentation submitted by the landlord, an $89 rent increase was approved by COLTA’s rents analyst on 10/30/13 for the individual units at the property.  The fair return rent increase replaces the 1.4% annual Rent Stabilization Allowance that the landlord can take during the 7/1/13-6/30/14 recording period.

Post Decision Action(s): 

None.