Post # 32
Rent went up, on average, 14% here in the last year. On an average $2400/mo one bedroom, that’s $336 a month.
If it says in your lease that you can do month to month, you can still do that even with new management. It’d buy you a month after your honeymoon, at minimum, to find a new place. I bet that they would be understanding about your situation.
Don’t try and buy a place like a PP said – it’s too late for that! 30-45 days to close, plus 1-2 weeks negotiating, plus actually looking around, getting pre-approved – way too late for that.
Post # 33
There’s only rent control in San Fran for certain buildings built before a certain date. Anything built after that date is not subject to those limits. The average rise of 14% is the average of those rent controlled places and all the non-controlled properties….so those went up way more than 14% over the last year. Scary.
Post # 34
yes anything built before 1979 is rent controlled and those properties can only increase by a certain percentage each year. if someone moves out, they can increase it however much they want which contributes to the average rise. the increase for current tenants is not that much (unless they’re in a non-rent controlled building which sucks for them!). the most recent increase percentage for rent controlled buildings was 1.9%. we moved out of a 1br where we paid $1750/month and i’m positive they increased it to at least $2200 when they listed it. i’m surprised our rent only went up $50 in our current place. i was expecting more.
Post # 35
$125 seems kinda steep to me. I’m not overly familiar with how this works tho. We’re renting now and I hope it doesn’t increase that much the first year. o_o If it does we are so outta here even though it’s doable. That would suck majorly tho x_x…..I think my friend said their rent jumped up maybe $50 after the first year and went up again after that.
Post # 36
Ours went up like $60 this year, or $80 for going month-to-month. We decided to go month-to-month so we can move this summer (instead of signing a year-long lease and having to move in Nov/Dec. Not doing that again). Still, it really sucks. Seattle is SUPER expensive.
Post # 37
evey apartment has done this to me expect for the one I’m in now, I had a 6month lease that went month to month and they haven’t increased my rent and I live in the east bay, in one of the nicer city’s.
so what happens if you don’t renew? Can’t you go month-to-month for a month then leave? Most places try to raise the rent, but people end up leaving, unless they are in a rent controlled area.
my sister lives in rent controlled sf and hadn’t had an increase in 6 years, the building sold and she just got a notice of 9.5% rent increase. Because they are allowed to compund interest that the last owners didn’t use up the alloted rent increases.
Post # 38
They’re giving you enough notice to find a new place if you want. Yes, the timing will be tight, but at the beginning of June, places should start going on the market for an August 1 occupancy. What city/region are you living in? My husband and I had to find an apartment rental in a pinch three weeks ago a week BEFORE we had to move in! It’s a dingy little Brooklyn one bedroom but it’s pretty cheap.
Try explaining your circumstances to the new management. If they won’t budge then start apartment hunting in early June. Given your busy schedule and such, definitely do it through a broker!
Post # 39
Yeah…that’s just a more detailed version of what I said.Older buildings are rent controlled, newer ones are not.
I know the brand new apartments by where we bought in Emeryville go for about $2500-2800 for one bedrooms depending on layout, so I wouldn’t be surprised if the one bedrooms where you lived before actually are going for much more.
Post # 40
that sucks for your sister. 🙁 if she’s been there for 6 years, then she got in around the time rent started going down (before it jumped up again) so hopefully her increase isn’t too bad. i’m in the east bay too. 🙂
Post # 41
That seems a little steep. Here provincial legislation is for 2012 a max increase of 4.3%.
I would call and negotiate. If you were a previous tenant before the new owner took over, you may be grandfathered.