Posted by TenantNet on June 27, 1996 at 20:13:55:
In Reply to: How Much Notice Before A Rent Increase? posted by Chris Myers on June 27, 1996 at 19:21:58:
: (Evansville, IN)
: The good ol' landlord told our neighbors (he owns my house and
: the houses on each side of ours) that all of our rent will be
: increased 11%.
: Thing is, he told them (hasn't mentioned it to me) 7 days
: before the rent is due.
: Our lease doesn't address the issue of rent increase noticifation,
: the closest thing is that we have to give him 30 day notice if
: we plan to move out.
: Is there a minimum or maximium time allowed to serve an increase
: notice before the due date?
: Since the dude hasn't told us directly that we him more rent,
: should we just pay him the old amount and then pay the increased
: amount starting Aug 1st?
Don't pay him anymore rent until you get a new lease. You both agreed
to a certain rental price FOR THE TERM OF THE LEASE unless it is
specifically spelled out in the lease. If your lease goes till Dec 31,
then he cannot raise the rent until Jan. 1. In some areas, either
through lease terms or statutory regulation, rent increases can be
applied midterm. Chances are you are unregulated, so your lease would
control. Read it carefully. A lease is a contract that BOTH parties
agree to. You aren't at the mercy of the landlord unless and until
the renewal comes up. Then you may negotiate. If you're good tenants,
and if the guy is honest, he will negotiate in good faith. It's rare,
but it does happen.
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