Rent Reductions and Rebates

• Author: John Dickie/David Lyman
• Pages: 237-245

237

17

Rent Reductions

andRebates

Learning Outcomes

After reading this chapter, you will be able to:

• Explain when landlords are required to reduce rents

• Describe the rules for calculating rent reductions for

reductions in services and facilities

• Explain the rules for calculating rent reductions for

municipal tax decreases

• Explain when applications to vary automatic rent

reductions can be made by landlords or tenants

Rent Reductions for Removing a Service

or Facility .......................... 238

Rent Reductions for Reductions in

Services and Facilities ............... 238

Rent Reductions for Municipal Tax

Decreases .......................... 240

Calculation of the Rent Reduction Due to

a Tax Decrease ...................... 241

Multi-Residential Properties ............ 241

Residential Properties ................. 242

Applications to Vary Automatic Rent

Reductions ......................... 243

Review Questions ...................... 245

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