Hello all,
My lease ends Aug 31 2021 and new one starts Sep 1 2021.
For 1 year term, the rent is staying the same but for a 2 year term the rent increases to 1% .
1) Does it mean for the 1st year there is no increase and management company can collect 1% more for the 2nd term?
2) If I don't renew for 2 years, how much will the rent increase be for term starting Sep 1 2022?
Thanks in advance!