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Look at it this way, OP. If you don't elect to renew because of the higher rent, you have months to plan your move. That's not a bad thing.
Just remember, if you don't plan to renew, make sure you follow your lease on giving them proper notice of your intent to vacate at the end of the current lease.
How would a new neighbor know what someone rent is who has already been a tenant.?
It's not like rent is a secret. It could easily come up when friends and neighbors chat.
It's a bit odd that they sent out the notice so early, but they are probably just trying to be as upfront with people as possible. If you decide you want to move you have plenty of time to plan for that and make it happen.
I'm in PA and just read the lease which states tenant should get 60 days notice prior to the end of the lease. So that's why I was so surprised because the lease doesn't end until 4/30. My cousin stated maybe they have a waiting list of people who want to move in and they are trying to find out who wants to stay.
Then you don't have to let them know whether you are staying or leaving until 60 days prior to your lease renewal date. It doesn't mean a hill of beans on why they are doing it or why they want to do it. They can't be changing the rules in the middle of a lease term. If you need up to that 60 days prior to your renewal date to decide then contact them and remind them exactly what your lease states.
If you are in a building that rents to college students, apartments are often reserved up to a year in advance. Management is trying to schedule.
You don't have to renew until 60 days before the end of the lease, but management doesn't have to renew your lease. It is possible that you don't let them know you plan to stay that they might give your unit to someone else and you'll get your lease terminated. It's not 100% your choice. There is another party involved and they have a choice too.
I suggest that you talk to management to clarify the situation.
Last edited by oregonwoodsmoke; 11-11-2016 at 08:40 PM..
If you are in a building that rents to college students, apartments are often reserved up to a year in advance. Management is trying to schedule.
You don't have to renew until 60 days before the end of the lease, but management doesn't have to renew your lease. It is possible that you don't let them know you plan to stay that they might give your unit to someone else and you'll get your lease terminated. It's not 100% your chiice. There is another party involved and they have a choice too.
Yes I do live in a building with college students so that can be part of the reason.
I came home this evening and saw a letter in my door from the rental office which scared me because I thought it was telling me I had to move. But it was the lease renewal explaining the rent is going up and giving me the option to continue my lease or go elsewhere. I was surprised it came so early since my lease does not end until 4/30 which is almost six months from now. Does the lease renewal normally come this far in advance when not dealing with a private landlord?
Six months is not the 'norm', however, be thankful you have a LL that is giving you notice should you need to relocate. Sounds like they are trying to do the right thing.
Koale
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