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Updated almost 6 years ago on . Most recent reply
Raising the rent What is the max on rent adjustment"?
I am purchasing my first mixed use commercial property. Average rents are 6-7 one tenet is 4. Once lease is up what would be accepted for a lease adjustment in price. would 5 be over the top?
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Nick Rutkowski
#3 General Landlording & Rental Properties Contributor
#3 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Ithaca, NY
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Nick Rutkowski#3 General Landlording & Rental Properties Contributor
#3 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Ithaca, NY
@Jon Sirkin Depends on your market. What are rental rates in your area? If it's in NYC you'll have to deal with rent control but in good ol Upstate - we don't deal with that nonsense.