Which is why I plan to never move. My rent has never gone up and I keep printing out and signing extensions. I have the laziest landlord ever. Guy can’t even be bothered to raise my rent since that would involve some level of work on his part.
My mother is like this. She rents out her house for under half it’s market value.
The tenants know they have it good though and do a lot of things that really should be my mother’s responsibility like pay for or do minor repairs when they come up.
I have told my mom that the needs to raise rent at least some because she’s not saving enough for big things that will come up like roof replacement, but she’s terrified of her tenants leaving.
that’s what we used to have here… stable and very reasonable rent for 20 years, through several ownership changes, even. then this last and current one is just your stereotypical greedy landlord,
Me too! My landlord didn’t even ask if I was impacted by covid, or if I was even still employed… He just raised the rent to a level I’ve never seen before.
Some leases lock in yearly increases, though, as part of auto-renewal. The last house I looked to rent included an auto-renewal clause with a fucking 5% annual increase. I noped out even before getting to the part that made me as the renter responsible for replacing the sewer if there was ever a problem with it.
first thing the current landlord did when he bought the building is raise the rent for all tenants… despite everyone having leases–the terms and obligations of existing leases is supposed to transfer to a new owner. but they don’t care, and they 100% would have raised them further (and in addition to the other increases since), had anyone pursued any sort of action against them. we have very little in terms of tenant protection laws here.
How bad is it where you live? Where I’m from that would be a fairly easy small claims court suit for breaxh (or done in bulk, you’d get all the tenants together and do a class action for breach).
i got rent increase notices immediately after every ‘covid check’ was announced.
Which is why I plan to never move. My rent has never gone up and I keep printing out and signing extensions. I have the laziest landlord ever. Guy can’t even be bothered to raise my rent since that would involve some level of work on his part.
He may just be satisfied with you as a tenant and doesn’t want to raise the price so you will stay. Not every landlord is a dick.
Or he’s just lazy as you said.
My mother is like this. She rents out her house for under half it’s market value.
The tenants know they have it good though and do a lot of things that really should be my mother’s responsibility like pay for or do minor repairs when they come up.
I have told my mom that the needs to raise rent at least some because she’s not saving enough for big things that will come up like roof replacement, but she’s terrified of her tenants leaving.
that’s what we used to have here… stable and very reasonable rent for 20 years, through several ownership changes, even. then this last and current one is just your stereotypical greedy landlord,
Me too! My landlord didn’t even ask if I was impacted by covid, or if I was even still employed… He just raised the rent to a level I’ve never seen before.
Were you not on a lease? Lease contracts always lock your rent in for the time period they’re good for.
Some leases lock in yearly increases, though, as part of auto-renewal. The last house I looked to rent included an auto-renewal clause with a fucking 5% annual increase. I noped out even before getting to the part that made me as the renter responsible for replacing the sewer if there was ever a problem with it.
first thing the current landlord did when he bought the building is raise the rent for all tenants… despite everyone having leases–the terms and obligations of existing leases is supposed to transfer to a new owner. but they don’t care, and they 100% would have raised them further (and in addition to the other increases since), had anyone pursued any sort of action against them. we have very little in terms of tenant protection laws here.
How bad is it where you live? Where I’m from that would be a fairly easy small claims court suit for breaxh (or done in bulk, you’d get all the tenants together and do a class action for breach).