Bajart Management, Inc. v. Weaver

This is a motion to review the order of the State Rent Administrator.

In the proceeding before the Administrator, the petitioner sought relief under the “ net annual return” provision of the rent control law.

The respondent refused to use the cost of acquiring the property as a base in processing the application, basing his opinion on the fact that there was abnormal financing in the situation. He then proceeded to use the equalized assessed valuation as the basis for processing the application.

The petitioner purchased the property and took it subject to the existing mortgages plus cash over…