what is fair market value for rent increase on 600 hundred amonth?

Asked by Frederick Chestnut, Philadelphia, PA Fri Nov 9, 2007

the landord wants to go up 50 dollars

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Pam Winterba…, Agent, Danville, VA
Sat Nov 10, 2007
A rent increase of 10% or higher would need a 60 day notice. My guess is the owner may be considering it is under market and attempting to catch up to the market. A quick rental survey would be in order. You can do this my checking local paper or online version or craigslist to see if your rent is in order.
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The Hagley G…, Agent, Pleasanton, CA
Sat Nov 10, 2007
Your rent increase is an increase of 8%. When is the last time yoiur rent was increased? If you compare this to the average rate of inflation (about 2.5%) this seems high. But because of all of the foreclusures on the market, folks are losing their homes and being forced into the rental market. This creates a higher demand...which means higher rents. Check craislist or your local newspaper....what would it cost you to rent the same apartment today? You MAY still be getting a eal!
Web Reference:  http://www.cindihagley.com
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