U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 04-15-2007, 01:20 AM
12 posts, read 58,822 times
Reputation: 13


I'm moving to a community that currently has their market rent discounted at $100 less. After my year lease are they likely to increase my rent the $100 plus the annual rent increse. It's an Irvine Company Apartment community and I have been able to fine much help on the internet about their rent increases. Does anybody has any info on this?
Reply With Quote Quick reply to this message

Old 04-15-2007, 01:35 AM
11,715 posts, read 34,444,173 times
Reputation: 7431
If its anything like the corporate-owned complex I lived in, they'll send you a letter a couple of months before your lease expires. The letter will list the terms of the new lease. You can either agree to it or submit your 30 notice. They don't really care. They're going to keep every apartment at market rate and don't really care if you leave since they've got people on staff who can make it ready for someone else very quickly and cheaply. $100/mo increases every year wouldn't be uncommon. It really all depends on what the market will bear. Smaller, privately owned complexes tend to be easier on the rent increases since they're often more concerned with retaining good tenants and keeping turnover low than squeezing every last dollar out of everyone.
Reply With Quote Quick reply to this message
Old 04-15-2007, 09:04 AM
12 posts, read 58,822 times
Reputation: 13
On no, maybe I shouldn't be leaving my current complex. My current complex tried to get me to stay by offering some incentitives. I just couldn't get over the fact that they were trying to chage me the same thing for a nonupgraded unit as an upgraded unit and didn't offer any incentitives until I made a decision to move. The complex I'm moving to now has there rent at $100 off. I just don't want them to make up for difference at the lease renewal.
Reply With Quote Quick reply to this message
Old 04-15-2007, 06:20 PM
Location: Long Beach, CA
2,072 posts, read 10,725,500 times
Reputation: 1711
Let's say you're on a one year lease. They cannot raise it during that one year. They can raise it afterwards ........... if it's over 10%, they have to give you a 60 day notice. If it's less than 10%, 30 days.
Reply With Quote Quick reply to this message
Old 04-15-2007, 06:28 PM
25,076 posts, read 48,058,753 times
Reputation: 18203
Don't forget to check whether or not the property is subject to Rent Control. If it is, there are very specific steps to follow regarding rent increases and the amount of increase.
Reply With Quote Quick reply to this message
Old 04-16-2007, 05:58 PM
Location: Rancho Cucamonga, CA
96 posts, read 683,568 times
Reputation: 58
I live in a smaller, privately owned complex and the rent goes up $35 every year. I've lived in several other complexes (big and small) over the last 12 years and have had the rent raised anywhere from $25 to $50, but never more than that.

That's not to say you won't get hit hefty at the end of your lease, but you're probably be safe in assuming your rent will increase the $100 you're currently being discounted plus anywhere from $25-$50 more. Good luck to you.
Reply With Quote Quick reply to this message
Old 04-18-2007, 01:16 AM
Location: Oklahoma(formerly SoCalif) Originally Mich,
13,387 posts, read 15,875,940 times
Reputation: 4611
Landlords/owners, and management companies are trying to raise the price of all rental properties to Market value.
You need to know your "Tenants Rights and Responsibilities"

Consumer Affairs@
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Loading data...
Based on 2000-2016 data
Loading data...

Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top