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With the pandemic slowly becoming more manageable it is not unheard of to see landlords increasing rent very quickly to make up profits lost during COVID. However, when you’re living in a place that was cheaper during the peak of the virus, it can be overwhelming to hear these new numbers. That’s why local moving experts at Shleppers are here to help and share some moving tips and ways to deal with a rent increase!
Rental Agreement and Laws
It’s important to stay very aware of your rental agreement, as this defines how much time your landlord must give you as notice before hiking up the price. For example, some rental agreements state that rent can only be raised with 30 or 60 days’ written notice, while others say that once the original agreement expires and is due for renewal, it’s fair game. Don’t forget about the precise rules about agreements that limit the percentages too! You should try and be proactive by looking even before your lease expires, that way you will have a better idea of what to expect.
Aside from the agreement, be sure to check your state’s laws for what’s allowed and isn’t allowed. Each state varies in its laws so some may favor you as the tenant and others favor the landlord. It’s important to know so you aren’t susceptible to being taken advantage of.
Argue and Overcome
No, we are not advocating fighting with your landlord. However, negotiations can be very successful in changing the percentage of your rent increase. Let your quality tenant attributes shine and don’t be afraid to brag a bit so that they get a swift reminder that sometimes it’s worth not making as much money if it’s for a reliable resident. You could also see if you have the capability to sign on for a longer lease which is appealing for renters, so they don’t have to go through the hassle of finding a new person so soon.
Moving On
Sometimes, it’s more cost-efficient to find a new place and call it a day. Yes, it can be scary and unnerving but ultimately it could also be a journey that is worth it. With all the uncertainty, we want you to know you can rely on our professional moving company to help make the move as seamless as possible. Contact Shleppers Moving & Storage to get a FREE QUOTE for your move NOW!