Title
CASE 1147 - 755 Lincoln Ave., Apt. B
Body
1. CASE NUMBER: 1147
2. ADDRESS: 755 Lincoln Ave., Apt. B
3. UNIT STATUS: Non-exempt unit subject to a binding decision regarding the amount of the rent increase.
4. BASE RENT: $1,300.00 for a 2-bedroom unit; includes water, parking, cable TV.
5. RENT INCREASE OFFER(S): $100.00 (7.7%), to a total rent of $1,400.00, effective November 1, 2018
6. PAST INCREASE(S): Effective 2017: $100.00 (8.3%)
Effective 2015: $100.00 (9.1%)
7. TENANCY BEGAN: 2005
8. CONCERNS:
Landlord provided the following:
• A rent increase is warranted due to the absence of prior rent increases.
• Costs of operation have increased.
• Interest in earning a just and reasonable rate of return on the property.
Tenant did not provide comment.
Exhibit 1) Form(s) submitted by Landlord
Exhibit 2) Form(s) submitted by Tenant