Respondent acted irrationally in denying petitioner's application for a major capital improvement rent increase on the ground petitioner failed to file registration statements for 1987 and 1988. Such failure to file in timely fashion is immaterial. Petitioner had filed the initial 1984 registration and the 1986 annual registration, and the 1987 and 1988 registrations were not due at the time the application was filed. We also note that the Rent Stabilization Law of 1969 ...
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