my landlord/roommate got a better job and dropped my rent $100. had to score one for the burbs
apt. help...
Originally posted by thirsty moore:I'm not really sure. I think they might be allowed to raise rent more if it is a new lease, but normally it is less than 2% a year.
Don't new leases factor in the equation somewhere?
Originally posted by redsock:
Nope. One just has to find a building built before 1975 that has more than five apts. I'm not sure if renovations count towards not being rent controlled anymore. Mostly, one just needs to be lucky. and ready to go…
if renovated, the building can increase new leases to market value (or something like that) but the building still remains rent controlled…
I've been off lease for a year and haven't had a rent increase
I've been off lease for a year and haven't had a rent increase
I have never really paid much attention the rent contol issue, but I think most of the places I have lived have been rent controlled, they definitely have been built before 1975 and had more than 5 apartments. If that is the case, it is really not the hard to get a rent controlled place.
You may also want to check the college/university websites, specifically, they're off-campus housing section. American University has a database, for example.
Originally posted by redsock:Nope, rent can be raised by 11% a year. And they are allowed to increase substantially between tenants. Not sure what y'all are talking about rent control – it's not like NYC. If I left my apt today and tried to re-rent it tomorrow, it'd be $300 more. I've also lived here 10 years and it's not like I'm paying dirt – it's pretty close to market, about $300 under…
I'm not really sure. I think they might be allowed to raise rent more if it is a new lease, but normally it is less than 2% a year.
My findings from my renter days are in line with Bags'.
Originally posted by Bagalicious Tangster:
Originally posted by redsock:Nope, rent can be raised by 11% a year. And they are allowed to increase substantially between tenants. Not sure what y'all are talking about rent control – it's not like NYC. If I left my apt today and tried to re-rent it tomorrow, it'd be $300 more. I've also lived here 10 years and it's not like I'm paying dirt – it's pretty close to market, about $300 under…
I'm not really sure. I think they might be allowed to raise rent more if it is a new lease, but normally it is less than 2% a year.