Local

Tenants stunned by rent hikes as high as 30%

Rising home prices can get all the attention right now.

But for many non-homeowners, renting is on the rise this year.

Diamond Trimble Nursing Assistant has just received a letter from her landlord informing her that rent is set to rise from $ 650 in April to $ 1,035.

“I received the letter on February 23. So they basically gave me 30 days,” he said. “It will hurt me a lot, terribly.”

But he says his apartment is in a state of disrepair, with broken window treatments, a filthy bathroom ceiling and an oven that hasn’t worked for months.

“No, it doesn’t turn on,” he said of his oven.

The landlord promises some renovations, but Trimble says he wants to see them first, before he agrees to pay more.

“I can’t afford a thousand dollars. If I could, I wouldn’t stay here,” he said.

What you can do if your landlord wants more

That’s happening across the country as landlords who haven’t raised their rent in a pandemic for two years are now trying to make up for losses.

And that could lead to a 10, 20, or even 40 percent increase in rents as the leases expire.

Lawyer Nick DiNardo of the Legal Aid nonprofit advocacy group says even though some cities have rent control – banned from rent increases of more than 5 or 10 percent – most communities do not.

“When that lease ends, or if the tenant has a month-to-month rent,” DiNardo explained, then the landlord must give 30 days ’notice before the rent can be increased. “(60 days in some cities)

If this happens to you, Legal Aid suggests the following:

  • Explain why you can’t afford the rent increase, and ask for a slightly smaller increase.
  • Explain that you are a good tenant, and that you deserve to be supported.
  • Do some work around the complex offer to reduce your rent.
  • If you have to leave, ask for another month to find a new place.

“All they can really do at the moment is negotiate, they have no legal recourse,” DiNardo said.
We called the owner of Diamond Trimble, who said he intended to renovate the apartment and that he had every legal right to raise the rent for it.

But Trimble says it will probably have to move.

“There’s nothing I can do or say, basically don’t pay or leave,” he said.

As always, don’t waste your money.

___________________________________

Don’t Waste Your Money is a registered trademark of Scripps Media, Inc. (“Scripps”).

Like “John Matarese Money on Facebook

Follow John on Instagram @johnmataresemoney

Follow John on Twitter (@JohnMatarese)

For more consumer news and money-saving tips, go here www.dontwasteyourmoney.com



Tenants stunned by rent hikes as high as 30% Source link Tenants stunned by rent hikes as high as 30%

Related Articles

Back to top button