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11 of 16 <br />Factors Considered in Developing <br />Guidelines <br />Factor Explanation <br />1.Comparative <br />Practice <br />•Other jurisdictions - Maintenance of net operating <br />income and capital improvement petitions <br />•FRR appeals process - Similar to capital improvement, <br />but uses cap rate methodology instead of complex <br />amortization schedules <br />2.Clear, objective, <br />and standardized <br />criteria <br />Standardized, formula-based methodology <br />•More clarity upfront in how appeals are determined <br />•Less complex and administratively dense <br />3.Administrative <br />Burden <br />•Neutral, third-party appeal officer reviews and issues a <br />decision rather than a hearing <br />•For staff – minimizes administrative burden <br />•For landlords – reduces processing costs and time