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I think, having a solid rental history including being on-time all during Covid, I'd ask my landlord "why"?
I haven't seen that said by the OP.
They want to sell? Well, you might be out of luck.
They want to make this their personal residence? Definitely out of luck.
They want to raise the rent, and they can get the higher amount based on market? Different problem.
Most common reason is the landlord wants to sell the investment while prices are up. Maybe the OP can ask to buy it if they'd like stay. Especially if they are in a state where the owner rights keep being eroded in favor of the tenants. Unfortunately many state governments seem to not care about owner rights much these days. Many small time landlords depend on those rents to pay the mortgage on the home. Without that money they'll struggle, but the bank still gets to keep collecting even though the landlord can't.
I think, having a solid rental history including being on-time all during Covid, I'd ask my landlord "why"?
I haven't seen that said by the OP.
They want to sell? Well, you might be out of luck.
They want to make this their personal residence? Definitely out of luck. They want to raise the rent, and they can get the higher amount based on market? Different problem.
That’s a possibility? But assuming the OP has been paying rent that would be a foolish move now seeing the government has stepped in and allowed people to live in other people’s properties rent free? A bird in the hand is worth two in the bush.
I think, having a solid rental history including being on-time all during Covid, I'd ask my landlord "why"?
I haven't seen that said by the OP.
They want to sell? Well, you might be out of luck.
They want to make this their personal residence? Definitely out of luck.
They want to raise the rent, and they can get the higher amount based on market? Different problem.
The landlord doesn’t owe the tenant an explanation. It really isn’t their business. It’s a contract. You can’t force someone to go into business with you. The reason is not relevant.
That’s a possibility? But assuming the OP has been paying rent that would be a foolish move now seeing the government has stepped in and allowed people to live in other people’s properties rent free? A bird in the hand is worth two in the bush.
What do you mean “a bird in the hand is worth two in the bush”?
In fact that’s a great sentiment for choosing to sell or not renew based on the current state of affairs. As far as not raising the rent goes, that may or may no be a good idea depending on the specific situation. I wouldn’t want to keep a tenant that can’t afford small routine increases being as every year my costs increase simply by holding the property. I’ve raised all my rents this year. Then again they are all still below the going rates because my tenants are all long term and my market has gone up substantially since they moved in. Having them move would do me a favor.
Knowing my tenant was unemployed and the rent could stop at anytime and I’d be stuck supporting them for who knows how long is all the motivation I’d need to non-renew. That is doing the tenant a favor. Forcing them to find a more affordable place and avoiding an eviction on their record is the best thing you can do for them.
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