Saturday, March 22, 2014

I currently pay 675 a month in rent. My lease expires on 10/31/2014. I received an email from my property manager on 09/31/2014 stating that...

Question

I currently pay 675 a month in rent. My lease expires on 10/31/2014. I received an email from my property manager on 09/31/2014 stating that the owner would like to resign our lease but increase the rent to 825 because of the market value of surrounding properties. Is this enough notice? What should I do?



Answer

Your current lease controls any re-rental entitlement. The facts done help answer the question. They are allowed to charge whatever they want for an apartment if your lease does not have a cap or time frame for the re-rental at a specific amount. Seek legal counsel with a copy of your lease.



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