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Requesting advice: My rent just went up by 45%. Is this legal?
01/23/2024 | Self

Posted on 01/23/2024 8:49:44 PM PST by know.your.why

Hello fellow FReepers. I have just been given the shocking news that my monthly rent for a 1-bdr apartment in N. Alabama is going up by $300 which works out to a 45% increase. The apartment complex has been recently bought by a NJ based company and apparently they have resolved to raise every tenant's rent. The reason that the manager told me was that materials costs are up "such as drywall". Ridiculous excuse. I just cant believe that this has happened. People here cant afford this kind of increase. Wages have not gone up AT ALL. I just dont get it. Any help is appreciated.


TOPICS: Chit/Chat; Society
KEYWORDS: alabama; bidenomics; fjb; housing; inflation; lease; realty; rent; vanity
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To: Organic Panic

“The Landlord’s here to visit
They’re blasting disco down below
Sez, “I’m doubling up the rent
Cos the building’s condemned
You’re gonna help me buy City Hall”

But we can, you know we can
But we can, you know we can
Let’s lynch the landlord man”


101 posted on 01/24/2024 6:09:31 AM PST by Right Brigade (It was better before they voted for whats his name,this must be the New World)
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To: know.your.why

Migrants move in, willing to pay any rent they are charged, and two families move in sharing the rent. Once they leave, they strip the joint, and the owner charges it to insurance.


102 posted on 01/24/2024 6:09:36 AM PST by wbarmy (Trying to do better.)
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To: know.your.why

Do you own the property? Are they following what your lease agreement says? Assuming so, wouldn’t it be a Free Republic conservative position that the property owner can do whatever the hell they want, ‘cause it is their property?


103 posted on 01/24/2024 6:17:53 AM PST by Pappy Smear
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To: Spaceman61

Wait until you have to replace the roof, A/C, furnace, windows, paint, etc. Your mortgage may be under $2K, but your maintenance, insurance and taxes are at least that over the long haul. If you have the cash flow to keep up, the appreciation will pay back most of that, but if you are young, you are probably living week to week and can’t cover the cost of a new roof. I just got one on my 2500 square foot home (4500 sq foot roof). $26,000.


104 posted on 01/24/2024 6:35:28 AM PST by Poser (Cogito ergo Spam - I think, therefore I ham)
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To: know.your.why

As long as they raise everyone’s rent at the end of their lease it is legal in Alabama.


105 posted on 01/24/2024 7:12:00 AM PST by CodeToad (Rule #1: The elites want you dead.)
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To: know.your.why

Us landlords are getting slaughtered by increases in costs, the same as anyone else...and yes, drywall and pretty much everything else are through the roof due to inflation.


106 posted on 01/24/2024 7:38:19 AM PST by dinodino ( Cut it down anyway. )
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To: know.your.why

When a property is sold, one of the very first things the new owners do is raise the rent. In a stable market, almost no one will move due to a 10% increase. This has been the case for basically forever.

In today’s market, costs across the board are through the roof. Literally everything is more expensive. Your current rent seems to me to be on the low side, but I don’t have insight into the local market. Best to start researching yourself to figure out what the going rates are and use that to determine your course of action. Hiring a lawyer will likely only cost you money since rent controls in Alabama are rare and they are raising it for the next lease cycle. You may find out that the 45% increase is right in line and you were below market previously.


107 posted on 01/24/2024 8:37:23 AM PST by BlueMondaySkipper (Involuntarily subsidizing the parasite class since 1981)
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To: know.your.why

I know this won’t help you, but

My daughter just bought a condo in June.
Somehow, the place missed their insurance payments or something and told the condo owners last week that their HOA dues are now quadrupling - come February 2.

So now, instead of $160 per month on top of her mortgage, it’s been upped to around $650 per month - just HOA dues!

She called her real estate agent and listed the place the day after that meeting. She was heartbroken; it was her first ‘place’ of her own since college and she’s gonna lose about $20k on it.
But nobody seems to know the legality of the whole mess.

Anyway, good luck to you. However, I WOULD suggest moving. En masse. Leave them with an empty building - making $0 for their actions.


108 posted on 01/24/2024 8:39:53 AM PST by joethedrummer (We can't vote our way out of this, folks..)
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To: joethedrummer
Somehow, the place missed their insurance payments or something

I'd want to know all the facts involved in that. If not disclosed, that's fraudulent.

109 posted on 01/24/2024 8:41:34 AM PST by 1Old Pro
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To: know.your.why
Please be gentle and dont tell me to just move..or get a second job. Thanks.

Move or get a second job. I rent. If my lease goes up 45% I am out of there.

110 posted on 01/24/2024 8:44:23 AM PST by EVO X ( )
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To: know.your.why
How much is it?

As of November 2023, the average rent for a 1-bedroom apartment in University of North Alabama, AL is $550. This is a 4% decrease compared to the previous year. - https://www.zumper.com/rent-research/near-university-of-north-alabama-al

The average rent for a 1-bedroom apartment in North Shore Community College, MA is $2,402. This is a 7% increase compared to the previous ... - https://www.zumper.com/apartments-for-rent/near-north-shore-community-college-ma

111 posted on 01/24/2024 2:55:49 PM PST by daniel1212 (Turn 2 the Lord Jesus who saves damned+destitute sinners on His acct, believe, b baptized+follow HIM)
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To: know.your.why

Stop paying rent, hide your money somewhere. Make them throw you out - usually takes months or years.


112 posted on 01/24/2024 2:59:07 PM PST by P.O.E. (Pray for America.)
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To: P.O.E.
Stop paying rent, hide your money somewhere. Make them throw you out - usually takes months or years.

Yeah? How'd that work out for you?
113 posted on 01/24/2024 4:50:13 PM PST by know.your.why (<>)
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To: daniel1212
As of November 2023, the average rent for a 1-bedroom apartment in University of North Alabama, AL is $550. This is a 4% decrease compared to the previous year. - https://www.zumper.com/rent-research/near-university-of-north-alabama-al

Why would you post bullshit data?


114 posted on 01/24/2024 5:03:15 PM PST by know.your.why (<>)
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To: know.your.why

I have read that Alabama landlords cannot raise your rent in the middle of the lease term. They have to wait until a renewal.


115 posted on 01/24/2024 5:08:55 PM PST by jpp113
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To: know.your.why

I’ve known many landlords who’ve had several-year-long nightmares trying to evict tenants.


116 posted on 01/24/2024 10:38:41 PM PST by P.O.E. (Pray for America.)
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To: SteveH
i would guess that most people dont have enough cash to buy a home outright, even a fixer upper in the sticks. and even if one did find such a home it would be a three plus hour commute to one’s well paying job (iow, goodbye quality of life).

Well, it boils down to what one considers quality.

117 posted on 01/25/2024 4:37:58 AM PST by Buttons12 ( )
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