I have lived in my apartment for 6 years and they usally raise the rent by $20.00 every other year and this year a new owner wants to raise the rent by $50.00. Are they allowed to make such a big increase in the rent?
2006-07-28 04:27:26 · 16 answers · asked by dayton doll 1 in Politics & Government ➔ Law & Ethics
yes they are but they have to do it in writing
2006-07-28 04:29:44 · answer #1 · answered by lillady 4 · 12⤊ 2⤋
There is rent control in some jurisdictions (usually large urban areas), which limits the annual level of rent increases.
Otherwise, the rental agreement is a contract between you and the landlord. Terms can and do change at the end of each lease period.
Terms, including the amount of rent, are also subject to negotiation. But with an increase of only $50, I wouldn't expect to see much room for that in your case.
2006-07-28 11:33:54 · answer #2 · answered by TJ 6 · 0⤊ 0⤋
The landlord can change the lease agreement in accordance with local ordinances and law after lease agreement is up. If they want to convert to condos they can also require you to buy in or leave. Taxes are paid through your rent so when they go up so does your rent usually. Thats why it is important to vote on local tax increases evn though you do not own a home.
I often though of just living in a tent but the government would find a way to tax me anyway lol
2006-07-28 11:34:10 · answer #3 · answered by john f 2 · 0⤊ 0⤋
They can make a $500 increase if they want to. That is why it makes more sense to own your home, you don't have to deal with people's BS. You can see if they would be willing to drop your rent by signing a longer lease as well.
2006-07-28 11:31:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, They can as a matter of fact my rent just went up $250. You got off easy lol
2006-07-28 11:31:37 · answer #5 · answered by sunniej1977 4 · 0⤊ 0⤋
It varies by state, but if your lease is up, the landlord can raise the rent as much as she/he wants.
2006-07-28 11:29:42 · answer #6 · answered by Mark 5 · 0⤊ 0⤋
Always state what "state" you live in (TX, CA, etc)
Different states different laws, sometimes differ from big cities to small cities.
Common result:
yeah they can higher it as much as they want...unless there is something in the first lease that says they can't or another law be it city ordinance or state law.
2006-07-28 11:31:41 · answer #7 · answered by huh62879 1 · 0⤊ 0⤋
He can charge whatever he wants. That's why he's called The Landlord.You should see how much my rent goes up each year!
2006-07-28 11:31:38 · answer #8 · answered by Anonymous · 0⤊ 0⤋
if your not on what is called section eight, yes the new owner can raise your rent.
2006-07-28 11:31:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yes they are. There are no laws in existence that say they can't. Once your lease is up they can do whatever they want.
2006-07-28 11:30:50 · answer #10 · answered by *Cara* 7 · 0⤊ 0⤋
Depends on your state laws. Check your states housing laws.
2006-07-28 11:32:18 · answer #11 · answered by Mark F 4 · 0⤊ 0⤋