Freeze Your Rent
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Freezing Your Rent
Charges Covered
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Calculating Your Income
Calculating 1/3 of Your Income
Calculating Your Frozen Rent
Charges Covered
Charges Not Covered
Calculating Your Income
Calculating 1/3 of Your Income
Calculating Your Frozen Rent
Charges Covered
Charges Not Covered
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Covered Increases Included in Your Rent Freeze
The following example helps to explain covered increases; however, please note that there may be some exceptions:
Lease renewal increases;
Major Capital Improvement (MCI) increases that compensate the owner for the cost of building-wide renovations such as a new roof or boiler; and
Increases approved to compensate a landlord who demonstrates that his/her rental income fails to offset unavoidable expenses (Hardship Orders).
Maximum collectible rent (MCR) increases;
Fuel Cost Adjustments (FCA) to compensate a landlord for fuel increases;
Major Capital Improvement (MCI) increases that compensate the owner for the cost of building-wide renovations such as a new roof or boiler; and
Increases approved to compensate a landlord who demonstrates that his/her rental income fails to offset unavoidable expenses (Hardship Orders).
Rent demand renewal increases or lease renewal increases;
Major Capital Improvement (MCI) increases that compensate the owner for the cost of building-wide renovations such as a new roof or boiler; and
Increases approved to compensate a landlord who demonstrates that his/her rental income fails to offset unavoidable expenses (Hardship Orders).
Increases in base rent/carrying charges;
Temporary utility/fuel surcharges; and
Capital assessments.