Graybill v. Herman

Petition by certain tenants of the intervenor to review the determination of the Bent Administrator denying petitioners’ protest of an order granting a rent increase pursuant to the 6% annual return provisions of the Emergency Housing Bent Control Law (L. 1946, ch. 274, § 4, as amd.). Petitioners’ challenge is made on two grounds: (1) that the use of the purchase price as a basis for determining the net annual return rather than assessed valuation was erroneous because of a special circumstance involved in the sale; and (2) that there was a decrease in essential services because of the…