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And this is why I never, ever want to rent again. The landlord can pretty much do what they want, yes I know tenants have right, but just try to get them enforced. If a landlord wants to raise your rent, they can. If the landloard wants to change the rules and say you can not have pets anymore, they can. Landlords own the property and therefore are the "LAND LORDS". Their thoughts, if you don't like it than move out, and I will rent it to the next person that comes along and probably for more money. It is like always waiting for the other shoe to drop.
And this is why I never, ever want to rent again. The landlord can pretty much do what they want, yes I know tenants have right, but just try to get them enforced. If a landlord wants to raise your rent, they can. If the landloard wants to change the rules and say you can not have pets anymore, they can. Landlords own the property and therefore are the "LAND LORDS". Their thoughts, if you don't like it than move out, and I will rent it to the next person that comes along and probably for more money. It is like always waiting for the other shoe to drop.
Char
Actually, landlords cannot change the terms of the lease agreement on a whim. Historically the courts have sided with the side of tenants in most cases anyhow. Landlords may own the property but a lease is a contract. The terms of the contract can be enforced by both parties.
Actually, landlords cannot change the terms of the lease agreement on a whim. Historically the courts have sided with the side of tenants in most cases anyhow. Landlords may own the property but a lease is a contract. The terms of the contract can be enforced by both parties.
Ok, got that, but I said rent. And when your lease is up, you have to sign a new lease (which they can change) or you go month-to-month which leaves you open to whatever they through at you. Leasing is a better option than renting, but you never know what will change when you lease comes up for renewal, especially if the porperty has been sold during you lease. I just always feel like I am waiting for the other shoe to drop. Just my opinion.
25%, not including a special that has run it's course seems out of line. For the best deals, moving costs included, look for another brand new property that is trying to fill up. I just moved to Southern Oaks at Davis Park and got a really nice brand new apartment with an awesome special! Check them out if you work in the RTP area. Good deals.
My rent is increasing too. Because of the current housing crisis, I expected that my rent would increase what the experts said it may - 4%, however, it is going up 12%! That is not as high as the person who posted originally, but I have lived here 2 years, and this complex is REALLY OLD.
What I am wondering is this: Included in this 12% hike, is the cost of cable TV. I don't watch TV, and I HATE Time Warner Cable. I cringe at the idea that one cent of my hard earned money would go to that company. The apartment complex is calling the cable bill an "option", but it is an option that we are required to pay if we want to sign a new lease. Can they do that? Doesn't that violate anti-trust laws or something?
My rent is increasing too. Because of the current housing crisis, I expected that my rent would increase what the experts said it may - 4%, however, it is going up 12%! That is not as high as the person who posted originally, but I have lived here 2 years, and this complex is REALLY OLD.
What I am wondering is this: Included in this 12% hike, is the cost of cable TV. I don't watch TV, and I HATE Time Warner Cable. I cringe at the idea that one cent of my hard earned money would go to that company. The apartment complex is calling the cable bill an "option", but it is an option that we are required to pay if we want to sign a new lease. Can they do that? Doesn't that violate anti-trust laws or something?
Your place sounds like this other place I've heard of that is charging mandatory fees for this doorside garbage service, where you can leave your trash out at a very specific window of time and they will pick it up, but they charge everyone for this service whether you use it or not.
I will say, sometimes you are able to negotiate if you are longtime resident, however, the larger complexes usually don't care if you move out. In fact, they often raise rents to encourage people to leave. Not really sure why.
Ok, got that, but I said rent. And when your lease is up, you have to sign a new lease (which they can change) or you go month-to-month which leaves you open to whatever they through at you. Leasing is a better option than renting, but you never know what will change when you lease comes up for renewal, especially if the porperty has been sold during you lease. I just always feel like I am waiting for the other shoe to drop. Just my opinion.
Char
Just FTR, leasing and renting is the same thing. They are not separate options.
I lived in a couple of apartments in Houston about 6 years ago and the Texas rental agreements were standard forms. By law, if I remember correctly, they could not increase your rent more than $50 each renewal period. So even though I came in under a great deal getting $100 off the "normal" rental price for my unit, when I renewed the following year, they could only raise the rent by $50 - they could not raise it up to the normal rental price. This was very good protection for renters. Sounds like NC has no such law.
I'm a big fan of the letting the free market dictate prices and letting property owners have control over their property. If real estate prices are going up at a quick rate, property taxes are going up, etc, then why in the world should a property owner not be able to raise prices on what he is selling (rent) the same way a gas station owner raising prices on gas when oil goes up?
Rent Control just screams big government/communism/socialism to me.
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3-4% is average
Can they do this?
