Individual Apartment Improvement (IAI) Increase
HCR guidance includes IAI increases among lawful methods for owners to increase rent for stabilized and controlled apartments in specified circumstances. It distinguishes consent requirements depending on whether the apartment is occupied at the time of the IAI.
- Where it applies
- NYS / NYC
- When it comes up
- Unit work; compliance
- Property types
- Rent regulated units
Related terms
MCIvacancy status (concept)rent order.
Rent Regulation (NYS/NYC)
- CityFHEPS
- DRIE (Disability Rent Increase Exemption)
- FARE Act (Fairness in Apartment Rental Expenses Act)
- Legal Regulated Rent
- Major Capital Improvement (MCI) Increase
- New York City Rent Guidelines Board (RGB)
- New York State Division of Housing and Community Renewal (DHCR/HCR)
- Preferential Rent
- Renewal Lease Notice Window (90-150 Days)
- Rent Control
General information, not legal, tax or financial advice.