Assuming the apt. type & size are similar. Or each year at renewal, can a complex vary the rates for the same type of apt?
2007-06-11 03:34:33 · 3 answers · asked by Lake Lover 6 in Business & Finance ➔ Renting & Real Estate
It depends on the location. In some areas you can only increase when a new tenant comes on board. There is no law that you have to increase for every renter either. A landlord (with owner approval if they don't own it too) can decide not to raise rent for good tenants.
2007-06-11 03:38:07 · answer #1 · answered by Landlord 7 · 0⤊ 0⤋
Most certainly they can vary the rates. It's a common practice. As an example, in Chicago, two identical apartments will rent for different prices if one faces the city and the other has a lovely lakeshore view.
2007-06-11 18:02:46 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
Of course they can vary, it can be different with every lease. Dependant upon when the lease was signed, the length of the term of the lease, even the renter's credit rating.
2007-06-11 10:38:13 · answer #3 · answered by bex 3 · 0⤊ 0⤋