My lease expires Jul31, I need to extend by just 1 mo. Landlord wants 40% hike in rent. Do I have any options?

Question

My current lease expires on July 31. We need to extend by just one more month to help plan our move. But, the landlord is asking for a 40% hike in the monthly rental. Do I have any options? We have had a number of issues with our apartment including incessant leaks and are hoping to maintain our current rental just for 1 more month. Thanks for your advice!

Answer 1

When your lease expires, it turns into a month to month tenancy and I'm assuming he has already given you written notice that the rent will be increasing. If he/she has than you can pay the rent, if not that must give you advanced notice 30 and this is the extension that you need.

Face to face meeting are always good and its my belief most landlords are reasonable.

Another option is to split the difference 20% for one month is a value to both of you as you do not want to move twice, utility bills, deposits etc.

If the landlord is a real jerk do not pay the rent, he will than have to serve you notice and start eviction, in most cases this is costly and may be close in cost equal to the rent.

The downside is that for both you and the landlord is become negative and its not worth your time, aggrevation.

Each state has different tenancy laws.

30 days is such a short time.

Good luck.

Answer 2

Yes you could move out and find someplace else cheaper however that involves a double move which might end up being about the same as just paying the landlords extra. Might want to look at it like from his side During that 1 month he could loose out on Rentors that would sign a 1 year lease or more while your just there for only a month. However Try negotiating Say if your rent is $ 500 now and 40% increase would be $ 900 Try spliting the difference say $ 700 or $ 750. Maybe the landlord would negotaite.

However Lets look at this picture. Its the 1st of may and you have till July 31st to move. You can't pack and move in to a new location in 86 Day's? To busy, Hire a mover to help with part or all the move. Or your Dream New Place why don't you go to that owner and see if you can move in sooner?

Answer 3

You do have options. You can either pay the increase and stay another month, which the landlord has the right to charge. Or you can put all of your items in a storage facility and live in an extended stay hotel for 30 days, which will run you approximately $1200 - $1500 plus another $100 for the storage.

What has likely happened is that when you moved in, the rent was lower than it is now. Since late last year it's no longer a renter's market, because due to the sluggish economy there haven't been a lot of apartment communities being built in the last three years. Demand has grown as the housing bubble has burst and single family homes have flooded the market, and the mortgage industry has bottomed out due to higher interest rates. So apartments are much more in demand, and the price has gone up.

You are probably being asked to pay "market rent" on your apartment in addition to a month-to-month fee, which is perfectly reasonable. You are being given the chance to continue to live in your apartment without a lease for another month. It's up to you if you decide to do so, but your landlord is doing you a favor by allowing you to stay, when he could get someone in for more money per month and probably on a longer lease.

Hope this helps.

Answer 4

i will upload my voice to those affirming that this isn't unusual. you'd be shocked what number of human beings placed up an application, get approved and then bypass off and lease yet another position. At my agency, we can't take a property offered for lease off of the lively marketplace till the applicant submits an finished application and pays the NON-refundable application value alongside with the protection deposit (commonly equivalent or just about one month's lease). If yet another carried out application is received that contains the protection deposit, the owner ought to be sure to placed the 2d application in 1st position. the first applicant would lose the appliance value subsequently. when we acquire an finished application, we can't evaluate yet another applicant till the first application has been denied. So, the LL is risking dropping promotion time if the applicant isn't intense. the appliance value and protection deposit could be in qualified money (money orders or cashier's exams). the appliance value must be a separate MO or CC from the deposit volume. I continually recommend that the protection deposit be made payable: "LL call OR Applicant call". this type, if the appliance is denied, the protection deposit must be proper now handed back to the applicant. We also use a kind that states that once an applicant is approved, the protection deposit must be saved as "liquidated damages" interior the shape the applicant does no longer take the valuables. at the moment a sparkling regulation got here into result pointing out, that if the appliance value is NON-refundable, the applicant can ask to be sure the LL coverage to refuse an application formerly the appliance is submitted. it really is particularly ordinary in my marketplace. sturdy success.

Answer 5

You don't state where you live. In NY if you have any repairs the landlord needs to make but doesn't you don't have to payrent or they can not make you move until the repairs are made. If your lease reads one amount they can not raise it until they have given you a writen notice and I don't think they can raise it that much. I would ignore it as long as I have a place already lined up. He has to give a written notice to have you out. and it has to be a 30 day notice. Check you town board and see if you can find out where to check the "renters rights" You may be able to find it on line. Good luck. Oh, if you have a wife and she is pregnant, the landlord can't make you move until after she has the baby. If you have a baby they have to give you the 30 days.

Answer 6

Options? You could move at the end of your lease. It's a hefty rent increase, but it's his property so he can charge whatever he can get.