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Trump Family’s Tenants Paid More in Rent Because of Property Improvement Scheme: Report

Trump Family’s Tenants Paid More in Rent Because of Property Improvement Scheme: Report

“Thousands” of rent-regulated tenants in Trump family-built apartments  saw questionable rent increases because the Trumps overstated how much  they spent on property improvements, The New York Times reports
.  When tenants in Trump family-built properties noticed their rents went  up in the 1990s, some were skeptical the increase was due to rumored  building improvements that cost millions.
According to The Times, a questionable purchasing scheme that let now-President Trump and his siblings “pad the cost of nearly everything their father, the  legendary builder Fred C. Trump, purchased for his buildings” enabled  these rent increases.
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Source: Trump Family’s Tenants Paid More in Rent Because of Property Improvement Scheme: Report

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