mcaton
Sep 5, 2006, 01:29 PM
I was fortunate enough to acquire a rental problem on the Gulf Coast of MS one month before Hurricane Katrina devastated the area. I was extremely fortunate that the rental property had only minor damages. We were given the option of signing a 1 or 2 year lease and chose a 2 year contract with our landlord. Now, after 1 year, he is asking for an increase in our rent payments because 'he has had unplanned expenses' to all of his rental properties due to the storm. I know that he legally cannot raise our rent during our lease term agreement. But, can he terminate lease without a breach of contract on our behalf? He always receives his rent payment on time and we have not breached our lease in any other way. However, he states that as owner of the property - that he does not have to have a reason to ask us to leave that he just has to give us a thirty day notice. Am I crazy or wasn't this the reason for a lease agreement in the first place? Can he legally give us a 30 day notice to vacate the property if we have not breached our end of the agreement? And, if he does have the right to sell the property while we are leasing - what are our rights as tenants?