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Attachment F <br />not fair or reasonable to exclude this cost from the VSRC <br />calculation. <br />factored into the fair rate of return. Adding these additional factors <br />would make the process more complex and administratively <br />onerous. <br />2. Additionally, jurisdictions with similar appeal processes typically <br />only allow landlords to include costs that are directly related to the <br />remodel work, which does not include forgone income. In general, <br />the City’s fair rate of return process already allows landlords to <br />include more costs into the substantial remodel calculation, <br />compared to other jurisdictions. For example, the City allows <br />100% of the remodel costs and the relocation assistance payments <br />made to the tenant to be included. Most other jurisdictions include <br />a percentage cap on remodel costs that can be recouped and don’t <br />include relocation assistance payments. <br /> <br /> <br />8.A. - Page 73 of 85 <br />331