2007-11-02 00:36:11 · 7 answers · asked by Linda Fallsrock 2 in Business & Finance ➔ Renting & Real Estate
Nah! It's only gouging when he pokes you in the eye.
2007-11-02 01:39:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Gouging is what is happening in CA. That is where a landlord takes advantage of tenants or people that wish to rent temporarily because they have lost everything in the fires. The landlord doubles the rent he normally charges. THAT is gouging. 25% is most likely getting the rents up to the current market value. But dont bother asking the landlord why he is raising the rent. Contrary to popular belief, the landlord does not have to explain his decision to raise his rents. If he does explain, its just a curtesy.
2007-11-02 11:32:03 · answer #2 · answered by kimmamarie 5 · 0⤊ 0⤋
It may seem severe, but it is legal, unless you happen to be covered by a rent control ordinance where you live. You do not state the reason for the rent increase, so I can't comment on that. However, in the past, I have purchased rental properties and raised the rent rates MORE than 25%, when the previous owner had not raised rents according to market value.
2007-11-02 07:43:04 · answer #3 · answered by acermill 7 · 4⤊ 0⤋
Unless you live in a area of rent control, the landlord can charge you what ever rent he/she wants.
If the rent is too high MOVE.
2007-11-02 09:48:43 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Most states have a web site that will give you the information on landlord/tenant laws for your area. I would go there to find out.
2007-11-02 09:44:14 · answer #5 · answered by L.J. Watcher 2 · 0⤊ 0⤋
that really depends on what the market dictates. it may have been many years since the last rent increase. what to charge is up to the landlord, what to pay is up to you!
2007-11-02 09:40:23 · answer #6 · answered by jimmy dean 3 · 2⤊ 0⤋
No it's called HYPER INFLATION.
Just like the late 70's
It's a 30 year cycle.
1977+30=2007
Hold onto your hat, it's about to get interesting.
2007-11-02 12:53:51 · answer #7 · answered by Terry S 5 · 0⤊ 0⤋
its ok but you can always negotiate
2007-11-03 01:42:48 · answer #8 · answered by dust s 4 · 0⤊ 0⤋