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Q Our rental building had an unexpected gas leak and Con Edison shut off the gas service for six months for mandatory repairs. As part of the repairs, we were required to change all the gas pipes in the building to be able to reinstate the gas service to the tenants (75 apartments in total). Can the owner pass this repair and replacement expense as an MCI increase onto the tenants? That is, would the DHCR approve an application for an MCI increase for such a reason?
Q I own a small mixed-use building in Brooklyn with two commercial tenants, three rent-stabilized tenants, and three market-rate tenants. As a result of Local Law 152 gas piping inspection requirements, I will have to replace five of the stove gas lines used by the residential tenants to pass the inspection. Due to the high cost of changing the gas pipes, I’m considering switching from gas to electric stoves. As a result, I will need to buy new stoves for each one of the five apartments.