Andrew Arms, Inc. v. Bowles

MARIS, Chief Judge.

The Rent Regulation for Housing for the New York City Defense-Rental Area1 establishes March 1, 1943 as the maximum rent date for housing accommodations in that city. Section 5 of the regulation contains two provisions for adjustment of maximum rents which are pertinent in the consideration of this complaint. Subsection (a) of Section 5 provides, inter alia, that:

“Any landlord may file a petition for adjustment to increase the maximum rent otherwise allowable, only on the ground that: * * *

“(7) the rent on the date determining the maximum rent was substantially lower than…