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.
Sometimes, I think business owners base their price increases on how they perceive the buyer. Or renter, as the case may be. As the late Igor would say, “Maybe it’s just the way my face hangs.”