Saturday, July 10, 2010

Should a landlord tell you if the rental rate of your apartment has decreased by $300?

We found out from our very unorganized on-site manager when turning in our 30 days notice that the rental rate of our apartment decreased by $300 after we moved in. Shouldn't we have been informed of the decrease?Should a landlord tell you if the rental rate of your apartment has decreased by $300?
Your rate is whatever is on the lease agreement, it can not be altered, up or down until you sign a new one.Should a landlord tell you if the rental rate of your apartment has decreased by $300?
I am not sure what you mean? Did you rent the place at let's say $1,000 per month when it should have been $700 as agreed? If so, then yes, you should have been informed.





Now during your occupancy did the rental market tank and vacant units in your building were renting out for less than your unit? If the answer is yes then, no, your landlord has no obligation to tell you that. If you learn of that as it is going on, then you can attempt to renegotiate your rent based on current market conditions.
No, they wouldn't have had to tell you. If you were leasing at a certain rate that was shown in the lease agreement, then that's what you pay. Just like if the rent had gone up by $300, you would still pay what was in your lease agreement.





It's like the cell phone companies. I called them up to get my daughter a new phone a few months ago and they said that they have had better, cheaper plans than the one I was on for about a year (I've been with them for a while). And, the rep recommended that I switch to the better plan. But, when I asked why they didn't offer to upgrade me when they started the better plan, she said that they don't do that, that it's up to the customer to call and request the better plan.

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