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Posted by C Murray on June 02, 1999 at 11:50:45:

I live in a 3 family house in a 3 bedroom apartment with 2 room mates and our lease is up next month (July). Currently, our rent is $1,100. Our landlord wants to increase it to $1,250.
Is there a specific percentage he is allowed to increase it by each year. This increase is approximately 13.5%. Should it not be more than 2%. Last year, when he gave us our lease, he told us he would not raise the rent until July 2000, does this verbal agreement not stand?

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• Re: rent increase Sascha 6/02/99 (0)

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Comments:
: I live in a 3 family house in a 3 bedroom apartment with 2 room mates and our lease is up next month (July).  Currently, our rent is $1,100.  Our landlord wants to increase it to $1,250.  
: Is there a specific percentage he is allowed to increase it by each year. This increase is approximately 13.5%.  Should it not be more than 2%.  Last year, when he gave us our lease, he told us he would not raise the rent until July 2000, does this verbal agreement not stand?  


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