Prominent Realty Group, LLC
Buyer / Seller / Property Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
My leases have an auto increase of some amount if the yearly lease converts to a month to month at the end of the year lease period. If the tenant wants to renew for another year, I typically keep the rent the same for another year lease. This is done for all good paying tenants.
If I want to get the tenant out without an eviction, I raise the rent with proper notice to more than what they want to pay and out they go.
This is great reason to start your new home hunting well before your lease runs out. You can locate your new home and move before the current lease has expired. Remember that you are responsible for paying through the end of your old lease and rental agreement even if you move early into your new home.
Chat with your Realtor well before your lease is due to expire if you are looking to move. That way you minimize the risk of paying on 2 places at one time. Contract law is very expensive if you try to buy and bail.
Please contact me immediately if you know a person that cannot make their mortgage payments. I will work with them to avoid foreclosure or bankruptcy at no charge or fees to them.
Steven Goldman, CRS
Certified Distressed Property Expert (CDPE)
Certified Default Advocate (CDAT)
Certified Short Sale Professional (CSP)
Certified Probate Real Estate Specialist (CPRES)
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
10750 W. Charleston #180
Las Vegas, NV 89135
NRS 118A.300 Advance notice of increase of rent. The landlord may not increase the rent payable by a tenant unless it serves the tenant with a written notice, 45 days or, in the case of any periodic tenancy of less than 1 month, 15 days in advance of the first rental payment to be increased, advising the tenant of the increase.
Hope this helps.
Please call for any more questions or concerns you may have.
Golden Real Estate & Investments, LLC
It depends. If you have a 12 month lease, usually no. You are locked in at that rate for 12 months. Many landlords have a clause, that if you go month to month, at the end of your lease, rents will increase and they indicate the dollar amount. If your lease is longer than 12 months, if the landlord plans to increase the rent at the 13 month mark, it must be disclosed.
Wardley Real Estate