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Started By
Message
Landlords who keep increasing rent in a month to month lease.
Posted on 4/30/13 at 4:46 pm
Posted on 4/30/13 at 4:46 pm
Being paying rent to landlord timely monthly for 3 years...since my month to month lease started last year he has went up 100 bucks and now tells me it will 300 more starting Aug and people are lined up to rent it.....what is the point of having a lease if you can just jack the rent up whenever you feel like it?
This post was edited on 4/30/13 at 4:50 pm
6
Posted on 4/30/13 at 4:50 pm to L S Usetheforce
That's the nature of month to month. Ask to enter into a year long lease.
Posted on 4/30/13 at 4:51 pm to rmc
So once it becomes month to month the old terms don't mean shite? Crappy deal for being loyal
I m 100% moving in July, just seems like you give some consideration to a well respected tenet.
I m 100% moving in July, just seems like you give some consideration to a well respected tenet.
This post was edited on 4/30/13 at 4:53 pm
Posted on 4/30/13 at 5:36 pm to L S Usetheforce
quote:
So once it becomes month to month the old terms don't mean shite?
That's exactly right. Do you know how contracts work?
quote:
Crappy deal for being loyal
By foregoing a normal lease and leasing month to month, your loyalty is in question. That's why a month to month lease is higher in the first place.
Posted on 4/30/13 at 5:53 pm to Projectpat
Bingo
Posted on 4/30/13 at 5:53 pm to L S Usetheforce
Nature of the beast w/ month to months. Just make sure you give proper notice so you don't get fricked out of a month's rent.
Posted on 4/30/13 at 8:46 pm to Projectpat
I didn't forgo my lease, I signed a 2 year and in it it said after the conclusion it would turn into a month to month contract.....Ita not like I'm some Tom dick or Harry, I ve been his tenet for going on almost 3.5 years.....
That's bad business.
That's bad business.
Posted on 4/30/13 at 9:03 pm to L S Usetheforce
It's not bad business if he indeed has people lining up to rent at his increased price. Bad business would be him NOT jacking up the rent when he could. You need to get past the idea that you've been loyal and understand that this is his business, and if the market has gone up then he must take advantage.
Posted on 4/30/13 at 9:21 pm to L S Usetheforce
You have not been loyal, you simply fulfilled your contractual duty, as did he!
Posted on 4/30/13 at 10:36 pm to StrangeBrew
quote:
You have not been loyal, you simply fulfilled your contractual duty, as did he!
This.
To the OP, you guaranteed the landlord a tenant for two years and he guaranteed you a place to live for two years.
If there is loyalty anywhere in this arrangement (there isn't BTW) you were both loyal to each other and now neither of you have any more obligations to each other. If you want a guaranteed rent amount you'll have to enter into a new lease.
Posted on 4/30/13 at 11:05 pm to L S Usetheforce
quote:
So once it becomes month to month the old terms don't mean shite? Crappy deal for being loyal
Signing month to month is the opposite of loyalty to a landlord regardless of how long you stay.
It means you feel like you could possibly leave at any time.
You should sign for longer terms, 6 months at least.
Even without your particular landlord jacking up rates, you typically get it cheaper with longer terms.
This post was edited on 4/30/13 at 11:06 pm
Posted on 4/30/13 at 11:45 pm to L S Usetheforce
quote:
what is the point of having a lease if you can just jack the rent up whenever you feel like it?
You are month to month. If you want protection against rate increases sign up for a year instead.
Posted on 5/1/13 at 8:17 am to foshizzle
As an aside, the last lease I entered into had a cap on how much the landlord could raise the rent once I went month to month. I think it was 15% per year. If its not in there it's definitely worth asking for.
Posted on 5/1/13 at 8:35 am to ZereauxSum
A buddy that was looking hard for a place to rent in BR suggested I throw out the current tennants I have and raise the rent $300.
He said its just crazy right now with rent prices in nice areas close to campus.
I intend to let the lease run its course btw..
He said its just crazy right now with rent prices in nice areas close to campus.
I intend to let the lease run its course btw..
Posted on 5/1/13 at 9:41 am to L S Usetheforce
A month to month lease is like no lease at all.
If you've lived there for 3 years with no increase, I'm not surprised he could go up that much and get a renter easily.
If you've lived there for 3 years with no increase, I'm not surprised he could go up that much and get a renter easily.
Posted on 5/1/13 at 9:48 am to L S Usetheforce
i had a similar experience once
i had lived in the same apartment for 4 years and we were buying a house so i asked to do month to month for a couple of months until closing was done
she said, thats fine, but the rent is 100 more each month and i said that sounds fine
so the next month i added 100 bucks to my payment, and then paid the same the next month and she said i underpaid and hit me with a late fee
what i didnt understand is that each month it went up 100 bucks, not just 100 more per month than the original lease
this situation was different in that they had many vacant apartments, its not like they had someone lined up for mine
left a bad taste in my mouth for sure, i got the hell out as quick as we could
i had lived in the same apartment for 4 years and we were buying a house so i asked to do month to month for a couple of months until closing was done
she said, thats fine, but the rent is 100 more each month and i said that sounds fine
so the next month i added 100 bucks to my payment, and then paid the same the next month and she said i underpaid and hit me with a late fee
what i didnt understand is that each month it went up 100 bucks, not just 100 more per month than the original lease
this situation was different in that they had many vacant apartments, its not like they had someone lined up for mine
left a bad taste in my mouth for sure, i got the hell out as quick as we could
Posted on 5/1/13 at 9:59 am to Croacka
quote:
L S Usetheforce
the fact that you use the word "tenet" in place of "tenant" tells me that you are probably too dumb to know what's fair in a lease anyway
Posted on 5/1/13 at 10:15 am to eng08
quote:
A buddy that was looking hard for a place to rent in BR suggested I throw out the current tennants I have and raise the rent $300.
He said its just crazy right now with rent prices in nice areas close to campus.
I intend to let the lease run its course btw..
He's right. They continue to go up yearly. The CATS tax certainly bumped up rents a bit.
Posted on 5/1/13 at 10:24 am to L S Usetheforce
You dont have the option of signing a longer lease anymore?
Its possible he wants you out so he can sell. There is no bad business here. Its month to month.
Its possible he wants you out so he can sell. There is no bad business here. Its month to month.
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