Fifty Mark Realty Corp. v. Herman

Petition to review the determination of the Rent Administrator denying petitioner’s protest.

Petitioner, a landlord, had applied on June 11, 1958, for permission to increase maximum rental on certain apartment units on the ground that it was not earning a 6% return on the value of the property. On February 10, 1959, orders were *610issued retroactive to August 12, 1958 (the administrative “ cutoff ” date, two months after the filing date) granting certain increases. Petitioner assigns as error, however, the following: (a) the adoption by the Administrator of the 1957-58 equalized assessed…