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Trulia Dallas, Home Buyer in Dallas, TX

Can a landlord raise the rent price just because they think a prospective landlord can afford it?

Asked by Trulia Dallas, Dallas, TX Fri Feb 1, 2013

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T.E. Sumner’s answer
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I assume you mean that the prospective renter can afford it.

Unless the price is raised for all renters and is so announced, it wouldn't be ethical to raise it for just one applicant. Adjusting the price for other factors could be legitimate, such as pets or not, services supplied like lawn or pool, and so on.

If you have advertised the price, you should be willing to stand behind your advertisement. You might get some pushback from regulators for not adhering to an offered price.

You could withdraw the advertised price from the market, and then re-price it. But that seems somewhat inconvenient.

Consider consulting an attorney if you're thinking of being arbitrary with pricing. But as Realtors, we should try to avoid any question of ethics and putting the client in a position of having to defend his agent.
1 vote Thank Flag Link Fri Feb 1, 2013
look at your lease to see if the landlord can do that. Read the small print because it's there sometiimes even if you have a lease.
0 votes Thank Flag Link Sat Feb 2, 2013
Unless you are a present renter they can set what ever price they want however must apply to all prospects
0 votes Thank Flag Link Fri Feb 1, 2013
Question does not make sense. Sorry.
0 votes Thank Flag Link Fri Feb 1, 2013
Your question makes zero sense.

Landlord can raise the price based on terms and conditions for the executed lease agreement. IF the property IS not lease YES they can raise the monthly rental amount.

PROBLEM in your question is why would a landlord raise the rent price to PROSPECTIVE LANDLORD? Landlord does not lease to landlord... did you mean prospective renter ?

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0 votes Thank Flag Link Fri Feb 1, 2013
I'm guessing this is meant to say....."just because they think a prospective tenant can afford it." If the lease is expiring and the landlord wants to raise the rent, then they can do whatever they want because it is their property. The market should dictate the rent amount. So, the landlord may risk losing a good tenant if they raise the rent.
0 votes Thank Flag Link Fri Feb 1, 2013
And they mixed up the landlord with the landlord!
0 votes Thank Flag Link Fri Feb 1, 2013
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