Exact(15)
The new owner is likely to inherit liability for about $215 million in rent rebates resulting from the ruling.
(The eventual owners, not Tishman Speyer and BlackRock, are expected to inherit liability for the $215 million in rent rebates).
Public expenditure on social housing was replaced, many times over, by rent rebates and assistance with the payment of mortgages.
In court papers, the tenants estimated that the owner owed current and former tenants more than $200 million in rent rebates.
Rent Rebates for Broken Elevators Q I am a renter in a residential building that has lost elevator service since October.
But it cost taxpayers plenty: $47.5 million in rent rebates and millions more in sales tax and commercial rent tax exemptions.
Similar(45)
The owners are now negotiating over the size of the rent rebate.
In the late 1990s, Chelsea Piers asked for a rent rebate to pay for pier repairs.
A group of students in London have won a £100,000 rent rebate after going on rent strike over their "unbearable" living conditions.
But after an inquiry, a university complaints panel has now ordered the institution to pay the tenants £1,300 each, the equivalent of a full term's rent rebate.
The county rewarded the company's efforts by offering a 10-year lease with a 10-year renewal option and a rent rebate.
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