Wednesday, March 30, 2011

April rent bills

Rent Stabilized tenants: Your rent bill for April should include
  • the permanent MCI increase for your apartment based on the number of bedrooms:
    • 1 bedroom = $23.01  (retroactive amount for 10 months is $230.10)
    • 2 bedrooms = $30.68 (retroactive amount for 10 months is $306.80)
    • 3 bedrooms = $38.35 (retroactive amount for 10 months is $383.50).
  • AND  EITHER

    • the full retroactive amount (if you arranged for it with Stellar in advance of this month's rent bill)    or  
    • an installment payment toward the retroactive amount.    If you're paying the retroactive amount in installments, your TOTAL BILL INCREASE for the MCI will be 6% of whatever your lease said your rent was for April 2011.