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Updated about 8 years ago on . Most recent reply

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48
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5
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Seth Levey
  • Rental Property Investor
  • Westminster, CO
5
Votes |
48
Posts

Different rents on sides of duplex?

Seth Levey
  • Rental Property Investor
  • Westminster, CO
Posted
I have a duplex with identical 4/2 units. One side is renewing this summer and I've told the tenants their rent will be $2100 per month for next year. The other side lease ends a few months later and the current tenants will not renew so I'll have to place tenants. I think market rent is more like $2200-2400. Can I rent the identical other side at the higher rate or would that violate fair housing laws or something else? Even if it's not illegal, it may create bad blood when the tenants inevitably talk and realize they're paying different rent. Thanks BP! Seth

Most Popular Reply

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303
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216
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Christopher Lombardi
  • Developer
  • Point Pleasant Beach, NJ
216
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303
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Christopher Lombardi
  • Developer
  • Point Pleasant Beach, NJ
Replied

Of course you should rent it for the higher amount. There is no law saying rent has to be identical. Why would there be bad blood if both tenants freely enter into an agreement with you. Markets change as do rental rates depending on time of year. People understand that. Just make sure you raise the rent in the other tenant when the lease renews so you are getting the full value of the rental.

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