Where scheduling of rental increases, or other calculations, requires projections of income and expenses, it shall be assumed that operating expenses, exclusive of property taxes, and management expenses, increases at 5% per year, that property taxes increase at 2% per year, and that management expenses constitute 5% of gross income, provided, however, that if actual increases are greater or less than those listed in this section, the actual increases shown according to proof shall be the increases applicable.
(Ord. MC-1481, 4-14-18; Ord. MC-865, 3-24-93)