Post # 17
@Mrs. Gremmlin: I feel you, we just got a 300.00 rent increase (bringing our rent up to 2700/month :/ )
Where we lived before there was a max % you could raise rent to an existing tenant, but apparently in this province, that’s not the case.
Ah well time to start house shopping I guess.
Post # 18
Certainly you need at least 30 days notice of a rate increase?
Regardless, the unfortunate reality is that your landlords will most likely have no problem renting this place, even at the higher rate, if you leave. You’re just not afforded a lot of bargaining power when the property is in a great location. Even in a pinch, someone else will take it at what you’re paying now if it’s at value.
Rentals really will turn you into a stickler for a papertrail and signatures on everything with a dollar amount on it. It ain’t pretty, but if you don’t play you get played.
Post # 19
That’s crazy! It’s really unprofessional for them not to tell you that ahead of time.
Post # 20
- Wedding: November 2011 - Florida Aquarium
@futuremrste: Unfortunately, Virginia laws favor the landlord… they can do just about anything they like.
Oh trust me… we’ve considered the moving costs. While it sucks, we do have the funds. The bottom line is that what they’re asking for isn’t market value. We’ve been great tenants, and I honestly think it will be harder for them to find new renters (at the new cost) that it will be for us to find a place. We already three viewings scheduled.
This has to be it. Nothing else makes sense. However, it backfired because we’re now incredibly motivated to move. Instead of maintaining a steady stream of income, they’ll be out at least 2 months rent.
Ah, the joys of America 🙂 In my state, we have nothing like that. Landlords can pick arbitrary numbers, and the tenant can either stay or go. Rent control sounds like a dream though!
Indeed, it is… The market is saturated with rental opportunities, so we’re not concerned.
Absolutely. We’ve been hounding them, and they waited until 11 days before our lease ends to give a number. They so generously offered to let us stay until November at our current rate. My husband wants to be out by October, but our lease states that either party must give 30 days notice. We’ll be giving that as soon as we find a place.
Post # 21
@Mrs. Gremmlin: I agree va law definetely favors the landlord you get no chance there I also agree I would move on principle if I could afford which you said you could good for you guys.
Post # 22
Is there a possibility that they WANT you to move? They must know what market value actually is.
Post # 23
Eek. Though depending on where you are in NoVA, 2k isn’t ridiculous. I just moved from a 775 sq foot 1 bed, 1 bath apartment where I paid $2100 a month. BUT, if the 2k price is abnormal for that area, then definitely just move and not deal with these landloards anymore!
Post # 24
I think that is crazy. We have been renting a single family home, 3 bed, 2 1/2 bath, nice fenced yard for 3 years, no increase in rent. Now that we are moving out we expected the landlord to raise the rent. We see what other houses in the neighborhood are renting for, and our landlord could totally get way more money than what we are paying. He is only increasing rent by $50! He could get at least $200 more. Either way, I know Nova is expensive, but that is a huge leap in price. I would look for a new place!
Post # 25
@futuremrste: Exactly. Here in MI there are laws about how much you can raise rent how often, with what notice, and what you need to justify it.
Post # 26
@crocodile: There’s no rent control here either. It’s not Canada wide.
Our rent was going up $200, plus parking and laundry went up. A number of illegal things were done in the past year. We ended up paying 1/2 a month of the higher rent and bought a house a little earlier than we would have had our rent not gone up so much with the stupid things the management was doing.
Post # 27
This happens in Boston ALL THE TIME. Landlords raise rents by crazy amounts and the former tenants have no choice but to leave. My sister rents apartments and constantly gets calls from poeple who are freaking out because their landlord just informed them they are raising their rent by $600 or more within a month or two. Then they end up moving into crappy apartments because they’re rushed and/or there’s nothing good (and affordable) left.
We found a landlord who put IN OUR LEASE that he won’t raise our rent by more than $75 a year. Not only is it great peace of mind, but it shows us that he really cares about the QUALITY of his tenants, not just the money. I’d say screw this guy and find somewhere else.
Post # 28
- Wedding: November 2011 - Florida Aquarium
@abbie017: I totally get that in some cases, $2000 is warranted… it’s just in this case, it isn’t. When they raised the rent last time, it was by $150, and we were fine with it– we knew it was market value, and the condo is really worth that amount.
Man, that’s awesome. Our landlords were great– until we signed the first lease. Almost immediately after, they became nonresponsive and incredibly difficult to work with. We’ve stayed this long because it’s more convenient than moving. At this point, we’ll be buying a house in 18 months, so we were happy to just stay put until they dropped this on us. We can afford the increase, but the condo just isn’t worth it.
Wow! That’s an awesome landlord. These folks are nothing like that, though it’s great to hear that good landlords really do exist. You always hear horror stories.
Post # 29
I think your landlord was dumb to not do some reasearch to find out what similar properties in the area are renting for. They got greedy and will be losing out when you move.
Post # 30
I would definitely check into the tenant/landlord laws for your state. In Ontario for example, a landlord must give at least 90 days notice of an increase in rent. So them telling you a few weeks before would be illegal here, whether it’s a house, condo, whatever kind of dwelling where you are renting. That is a crazy amount.
Post # 31
@Mrs. Gremmlin: damn, idk where you live in NOVA, but we pay a little over 2k for a 1 bedroom/1 bath. that being said, a $400 increase is crazy