I.D.L. CARE OF S.I.L. v Tenants
Landlord wins
- Dispute
- Above Guideline Increase
- Landlord
- I.C.O.S.
- Tenant
- M.T.
- Landlord rep
- H.W.
What happened
Landlord applied for an order to increase rent above the guideline for capital expenditures related to garage restoration work costing $447,977.00.
The ruling
The Landlord is permitted to increase rents above the guideline by 3.00% from June 1, 2015 to May 31, 2016, and by an additional 0.72% from June 1, 2016 to May 31, 2017, for a total of 3.72% above guideline increase over two years. This increase is based on capital expenditures for garage restoration work with a weighted useful life of 12 years.