Battling the inevitable rent increase...

iVillage Member
Registered: 07-24-2009
Battling the inevitable rent increase...
7
Thu, 01-07-2010 - 6:11pm

Our lease is up March 31st. We received an email from our landlord that she wanted to have us sign a new lease NOW...along with a $100/month increase. Isn't that steep???? We love where we live and are extremely good tenants (not a late payment, ever). I just couldn't accept another $1,200 a year out the door...especially since our salaries still have not been reinstated and our raises (while we know the amount) have (and will not) be applied. Oof!!


I did my best at playing hardball...knowing that $100 is not normal for the area. At the end of the day, we agreed on $50/month. I can manage that...I guess. And of course, rent will always go up so I can't expect it not to. I can only hope that my salary gets reinstated.

iVillage Member
Registered: 05-20-2005
Thu, 01-07-2010 - 6:45pm
Wow, that is pretty steep, but I have had big increases like that in the past.
Wedding
iVillage Member
Registered: 08-24-2007
Thu, 01-07-2010 - 8:03pm

First off, congratulations for negotiating it down to $50!


I can't even imagine what an increase like that would be like.

Kate


empty purse

iVillage Member
Registered: 10-01-2009
Thu, 01-07-2010 - 10:45pm

Hey Kate=


the building equity is very exagerrated....


you pay for your mortgage interest which eats some of the equity and then there are all those maintenance type things....


The most important thing about home is that its a sanctuary


iVillage Member
Registered: 02-09-2000
Sat, 01-09-2010 - 10:57pm
Ouch!
iVillage Member
Registered: 04-12-2007
Sun, 01-10-2010 - 11:32am

About home ownership...it's definitely not fun when something significant, like a central a/c unit, needs replacing.

iVillage Member
Registered: 08-04-2008
Sun, 01-10-2010 - 4:33pm

Sanctuary - not mine!




iVillage Member
Registered: 10-01-2009
Sun, 01-10-2010 - 10:29pm

Hi Marie-


Gosh, sorry that your house is in turmoil.


You are both so busy with work it must be really hard to do all that needs to be done.


I am constantly decorating, cleaning and organizing (I have a lot more time than you with no kids or live in gal pal)


I really enjoy doing this and consider it fun (im a bit wierd that way).