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Our landlord just increased our rent by $100 per month and while it doesn't really surprise us (we expected her to do it a long time ago, given that we're getting the place for a great deal) we're just wondering if that sounds normal?
Our landlord just increased our rent by $100 per month and while
it doesn't really surprise us
we expected her to do it a long time ago,
we're getting the place for a great deal
...wondering if that sounds normal?
No it isn't normal. Most LL's would have raised it $50 three times by now.
The real Q is how the new rent compares to the market.
It's very normal in the SF Bay Area now, and even higher. Either the landlord is just trying to get the rent up closer to market rates, or the landlord is trying to make you move out.
When I was hired to manage an apt building in Santa Clara many years ago, the rents were way below market rate. So, I raised them quite a bit. Then, the rents were raised every year, but for long-term tenants, we didn't raise their rents to the full amount we were renting newly vacated apartments at. It was an incentive for them to stay, but their rents were still no more than $100 below market rates.
So, as mentioned by others, I guess you'd have to look at what you're paying vs. what you'd have to pay if you moved, and decide if it's worth staying.
Tenants never like it when their rents are raised. But, I knew they'd be hitting Craigslist and see that they were still getting a better deal by staying.
Some landlords do raise the rent on tenants they don't like to get the tenant to leave voluntarily - in order to avoid any fights (or possible damage, etc.) over the landlord terminating their agreement, or not renewing their lease.
.........(we expected her to do it a long time ago, given that we're getting the place for a great deal)..........
You've had a great deal on the rent for a long time. You've saved a lot of money. So, now you will be $100 closer to market rates. You say you are getting the place for a great deal. That is present tense, so it sounds like even with the $100 increase, you are still below market rate.
How about saying thank you to the landlord for paying some of your living expenses for you for a long time instead of complaining that the landlord wants to pay a smaller amount of your living expenses for you now.
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