Heyman v. McGoldrick

The State Rent Commission found that the landlord in this proceeding was entitled to a rent increase in order to attain the net annual return allowed by law (State Residential Rent Law, § 4, subd. 4; L. 1946, ch. 274, as amd.). The problem presented is one of apportionment of the required increase between tenants who have previously given a 15% voluntary increase and those who have not. The commission first assessed a 15% increase against those tenants who had not previously consented to an adjustment, and as that was not sufficient to make up the need, it then assessed the balance required…