Hampshire Holding Corp. v. Creedon

MAGRUDER, Judge.

Hampshire Holding Corporation, the complainant herein, owns and operates an apartment house in'Jersey City, New Jersey. It is therefore subject to the Rent Regulation for Housing (8 F.R. 7322), as applied to the Northeastern New Jersey Defense-Rental Area. For that area, the regulation became effective on July 1, 1942, and it provides that the maximum rent of housing accommodations which were rented on March 1, 1942, shall be “the rent for such accommodations on that date.” This is the generally applicable formula, but from the outset the regulation has prescribed various…