(DOWNLOAD) "Bucho Holding Company v. Temporary State Housing Rent Commission Et Al." by Court of Appeals of New York # Book PDF Kindle ePub Free

July 12, 2021

eBook details

Title: Bucho Holding Company v. Temporary State Housing Rent Commission Et Al.
Author : Court of Appeals of New York
Release Date : January 06, 1962
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 72 KB

Description

Upon direct appeals from Special Term orders dismissing the complaints of the three appellants, we are called upon to consider the constitutionality of section 4 of the Emergency Housing Rent Control Law as amended in 1962 (Â§ 4, subd. [a], as amd. by L. 1962, ch. 21, Â§ 4).1 In essence, and insofar as applicable, it provides that the value of rent-controlled residential property, on which the landlord is entitled to a 6% return, is to be fixed by applying 1954 equalization rates to the current assessed valuation of such property.2 The challenged provision revokes the 1961 amendment which had employed equalization rates for ""the most recent year"" (L. 1961, ch. 337) and restores the formula which had been in use from 1957 to June 30, 1961 (L. 1957, ch. 755; L. 1959, ch. 695).