After 1 year all leases are in theory month to month…. Archived Message
Posted by haighter on April 9, 2024, 8:55:15, in reply to "Question - how did he raise the rent off cycle? Or did a renewal come up in the interim?"
You can’t legally sign a lease for longer than a year. After a year, tenants can move whenever they’d like with 30 days notice. Landlords, can in theory raise the rent with sufficient notice as long as they follow all of the tenant protection rules. Previous Message Good for the landlord. The tenant was a kcid. Previous Message ...from a few weeks back. As you might remember, one of my neighbors across the street is a renter. The owner wanted to sell. The renter said "I'm not moving for you or for whoever buys for less than 100K". He was pretty difficult, used every available tenant law regarding showing of the property to his advantage, turned down lesser buyout offers, and was openly hostile to anyone who came to tour the house. As a result, the house sat on the market for over 100 days and stagnated. Kinda unheard of as, while down from the heyday, the average time on market for this particular neighborhood is still less than 30 days. Well, I looked out the other day and noticed there's no longer a for sale sign on the house. The listing was pulled from Zillow. So, when I saw the neighbor I asked him what's up. Landlord went a different route. He pulled the listing and raised the rent the max amount he legally could and made their rent about a 1000-1500 a month more than similar homes in the neighborhood. Now they get no relocation costs and all he has to do is wait them out until they decide they're sick of overpaying. Seems like even in places like this, you gotta be fairly sure of the cards in your hand when you're gambling.
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Message Thread:
- Update to my renter neighbor and his buyout negotiation...tangential to our property rights convo... - haighter April 7, 2024, 13:31:02
- Fuck your neighbor, he is an asshole - Sounder April 9, 2024, 8:57:39
- Question - how did he raise the rent off cycle? Or did a renewal come up in the interim? - ATL April 9, 2024, 8:49:52
- After 1 year all leases are in theory month to month…. - haighter April 9, 2024, 8:55:15
- Let’s this out - TarheelIllini April 7, 2024, 14:12:05
- Couple questions - TarheelIllini April 7, 2024, 13:45:44
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