Happy Friday Eve!
That’s just totally wrong about the rent increase. I hope the landlord likes all the vacancies he’s providing. Of course, if this is something he does every year, and plans on it to bring in new people who don’t mind paying the increased cost, (not an increase to them until the lease is up) he may find himself increasing himself right out of viable tenants. Greed is a terrible thing to see in action, in real time.
We actually found an article in the Albany paper about this management company raising some single mother’s rent by 15% at the beginning of the COVID outbreak. So this company is run by a bit of a slimeball.
Apparently any increase > 5% is supposed to have at least 90 days of notice in NYS. Our notice was 85 days. However, we were thinking we wouldn’t stay anyway for other reasons so it’s just a way to make the decision easier.