Is it true that a current tenant's rent should not be higher than a vacant unit asking price/rent, as stated on the newspaper listing?
2007-03-01 12:53:02 · 5 answers · asked by Jasmine B 2 in Business & Finance ➔ Renting & Real Estate
No. Landords may adjust the apartment rent as needed to fill vacancies.
There is no law the prohibits a landlord from having different rents for identical units.
Usually apartment complexes prohibit inter-complex transfers to stop a tenant from apartment hopping.
2007-03-01 13:01:38 · answer #1 · answered by A_Kansan 4 · 0⤊ 0⤋
no, it isn't true at all. wherever you heard that, it was bad news. now then, say you were looking for an apartment to rent without having the one you occupy now. if the landlord/management agency said that the apartment cost $100 a month instead of $1,000 a month, it could be construed to be false advertising. but the party would get a retraction from the newspaper, so:
too, say you were looking. you see an ad in the newspaper that tells you that if you rent at 1234 main street, anytown, usa, you will receive a free wide screen tv, made by motorola. so you go and rent the joint. now let's pretend they give you a wide screen tv that was made by motorola, but that it is a fake and as well, it's wide, but so narrow (defective) that you can't see a picture at all. well, that would be false advertising and you can bring charges against them. you'd probably get a judgment amounting to the rent for a year times 3 years, plus you'd get the proper tv too. and they would (if licensed by the state), get investigated, maybe have their license revoked for a while.
but you have a tenancy where you live. if you are on a lease, it doesn't matter what they are charging for another apartment. you may have a view of the pool and landscaping, making your apartment more valuable than one that has one window looking directly onto the bricks of the other building adjacent to it.
your choice is to continue to live there at whatever price they want, since they own it and can get whatever the market will bear (the american way), or, you can move at the end of your lease.
real estate, any type of it, even your own apartment, is priced based on only 3 key real estate words: location, location, location!
2007-03-01 14:57:54 · answer #2 · answered by Louiegirl_Chicago 5 · 0⤊ 0⤋
the landlord can charge different rent for each apartment if he wants to it's his they dont all have to be the same rent. Are some more bedrooms than others? etc.
2007-03-01 14:29:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
particular, it extremely is criminal as long because of fact the owner is small-time with in basic terms some instruments that he/she rents out. The feds carved out an exemption interior the truthful Housing Act for such human beings.
2016-11-26 23:12:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No, that would be untrue.
2007-03-01 13:17:53 · answer #5 · answered by Anonymous · 1⤊ 0⤋