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Updated over 4 years ago on . Most recent reply
Inherited tenant rent increase.
I bought a duplex with one side vacant and one tenant with monthly rent of $625. Market Rent is $775. I was able to rent the other vacant unit for $775 with $25/pet monthly rent. The inherited tenant old lease will expire soon. How do I increase rent on the unit to Market Rent without creating artificial turn over? The tenant has 3 cats and I would like to charge $25/pet rent. My state has no rent control law.