Is it okay for the landlord to increase our rent to 20%?

Question

Apartment

Answer 1

no it is not okay for them to do that without tell you first.But yes they have the right to do so.But is doesn't make it right

Answer 2

It depends on where you live, and what the laws say there.

In Ontario, a landlord can't increase the rent on an apartment by more than 15% over 5 years (3% every year is 15% over 5) same with no increase for 4, then 15 on the 5'th) But they can adjust it between tenants.
There is probabily a similar statute where you live. Look up the local version of the Landlord-Tenant act and see.

Answer 3

No, residential rent in CA can't be raised by more than 3% annually with the same tenant in possession of the premises. Once the tenant moves out the landlord can raise the rent to wahtever he wants, unless there is rent control.

Answer 4

Depending on the state, you must be served with a rent increase notice and it cannot increase before your contract is up unless your contract is written to allow increases. Even in a no contract deal, most states require landlords to serve their tenants with a 60 day notice.

Answer 5

He's the landlord he can do what he wants. Unless of course you have a signed contract he wouldn't be able to until the contract is up♥

Answer 6

Do you have a lease in effect? If not, and he tells you that on such and such a date, your rent increases to so much, there isn't much you can do than give him 30 days notice and skedaddle.

Answer 7

I dont' know for sure, but i think that if you have sighned a lease they can't do that, unless its conditional.

Answer 8

It's his building/home. He has the right to do what he wants to do.

Answer 9

UNLESS THERE IS A REASON FOR THAT.MAY BE FROM PROPERTY RATE,OTHERWISE IT IS NOT OKAY.