Application for Workable Program Recertification Supp 2

Cover Application for Workable Program Recertification Supp 2
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The new rent control law does not freeze rents nor does it require that any rents lawfully paid in the past be refunded by the landlord. It does strictly limit rent ^H'^'"!"";^ ^^- "^^ ^^ increased only to the extent necessary to maintain rents at levels whichyield a fair net operating income to the landlord. In most cases, this m.eans that '"^!]\,^"^["?".V'^^ ^^ limited to those increases necessary to offset cost increases incur- red by the landlord and proved to the Rent Control Administratio
...n.
C) It requires all rent increases to be approved in advance by the Rent Control Administration .
■ " ,„,^°,^^"'^,|°'"'^ ''Jy charge and no tenant should pay more than the maximum rent for January 1973 (see Wnat to pay for January 1973" above) or for any month thereafter, with- out advance approval in writing from the Rent Control Administration.
Landlords individually seeking permission to increase rents must first register each apartment with the Rent Control Administration and must then file a petition for adjust- ment together with a financial statement signed under the pains and penalties of perjury.


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