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The Maximum Base Rent Program affects housing conditions in New York City rent-controlled apartments. The program helps ensure that apartments under rent control provide enough income for their maintenance and for building improvements. Local Law 30 of 1970 stipulates that Maximum Base Rents be established for rent-controlled apartments according to a formula calculated to reflect real estate taxes, water and sewer charges, operating and maintenance expenses, return on capital value, and vacancy and collection loss allowance.
