[bepperoo]

Can't seem to find this answer anywhere. We've signed a four year lease. Can our landlord raise the rent at anytime?
Thanks!
Beth

[olecapt]

Originally Posted by bepperoo

Can't seem to find this answer anywhere. We've signed a four year lease. Can our landlord raise the rent at anytime?
Thanks!
Beth

Read your lease. Normally the answer is no. But a four year lease may have a reopen clause or such.

So no unless your lease has an unusual clause.

[bepperoo]

Thanks! I don't see any unusual clause but I'm not familiar with Nevada law.

[tazz]

Don't get conned into signing a new lease.

[horseplayer]

Would you leave if they gave you an opportunity?

[RCCCB]

Rents are going DOWN if anything, so maybe use the oportunity to get better digs for less cost.


In the very least that possibility could shut the landlord's trap.

[KonaKat]

Not unless there is a built in increase of a certain amount or percentage every year. This is much more common in commercial leases as well as a longer term such as 3 or more years. A residential lease of over 2 years is actually pretty unusual; most renters don't stay longer, and most landlords/owners don't want to get tied down to a "low" rent for 4 years. Read your terms; they're right there in your Lease.

[bepperoo]

Thanks everyone. Nope landlord doesn't want to raise rent. He wants to sell. He will give us the opportunity first but if we don't want to buy then we can still stay for the term of our lease. BTW our landlord is great. He's is fair, upfront and I feel an extremely honest person. My husband is AD at Nellis and our landlord is also AD now in Monterey. Anyway, not sure if we should buy. I know of the advantages of owning but we leave in three years (most likely) and its nice to just leave the keys, close the door and move to the next base without the fuss of finding renters of selling. What our your thoughts on how the market is going? Any advice?

[KonaKat]

Just keep renting until next duty station and a move occurs. You probably won't be in LV long enough to make it worth your while to buy, and as you said then you would have all the problems of being a landlord to boot! Make it easy on yourself.

[olecapt]

Originally Posted by KonaKat

Just keep renting until next duty station and a move occurs. You probably won't be in LV long enough to make it worth your while to buy, and as you said then you would have all the problems of being a landlord to boot! Make it easy on yourself.

I disagree Kona...depending on the house.

The right place is a best buy in LV now and is unlikely to get much better. It has to be rentable but if so it is likely as good a time as there will ever be...

One can elect never to buy...it is not required. But it does not get much better.