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Updated over 3 years ago on . Most recent reply presented by

Padam Neopane's profile image
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Padam Neopane
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  • from West Orange, NJ
  • Member since Nov 13, 2020
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Padam Neopane's profile image
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Padam Neopane
  • Investor
  • from West Orange, NJ
  • Member since Nov 13, 2020
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Padam Neopane
  • Investor
  • West Orange, NJ
10
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42
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Tax, SDIRAs & Cost Segregation

tenant refusing to pay increase rent

Padam Neopane
  • Investor
  • West Orange, NJ
Posted

are there any law regarding amount of rent increase

i increase rent in 5 years and tenant refusing to pay increase rent and refuse to sign lease renewal 

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    Jon Kelly's profile image
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    Jon Kelly
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    • from Bethlehem, PA
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    Jon Kelly
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    Jon Kelly
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    Jon Kelly
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    Replied

    @Padam Neopane another way of wording this is, "tenant chooses to vacant instead of accepting rent increase." There's nothing wrong if the tenants don't accept the rent increase. They will have to vacant at the end of their term. Then, you clean and potentially repair the apartment and list it for market rent. 

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