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Updated about 4 years ago, 11/25/2020

Jamar Lockwood's profile image
Jamar Lockwood's profile image
Jamar Lockwood
  • Member since Nov 2, 2018
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21
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2
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Jamar Lockwood's profile image
Jamar Lockwood's profile image
Jamar Lockwood
  • Member since Nov 2, 2018
Connect
Jamar Lockwood
2
Votes |
21
Posts
General Landlording & Rental Properties

Raising Rent on rental property

Jamar Lockwood
Posted

Hi BP

I'm in the process of purchasing a rental property in Cleveland Heights, OH. The tenant is currently paying below market rent. Their current lease says I can terminate lease with 60 day notice. Am I able to raise the rent to market rent with a new lease? Tenant currently pays $950, market rent is $1150. Thanks for your help.

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