Is there a limit to the percentage of increase in rent with a lease renewal in Florida?
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Is there a limit to the percentage of increase in rent with a lease renewal in Florida?
There are links to state laws at the top of this forum, where you can check this. But generally, unless the unit is under some form of rent control, there may not be a statutory limit.
Quote:
Originally Posted by joeplus4
What does the lease say about a renewal? If it's silent I believe the landlord can do whatever he/she wants to do.
This question has been posted before and I believe California is the only exception to the sort of "free enterprise" rule.
I rented once in Florida and my rent went up $50 a month at renewal time. Ouch!
Unless there is some local rent control inplace, they can increase the rent to what ever level the free enterprise system will hold.
I would check with your local laws but its around 20% of what you currently pay up to market vaule.Quote:
Originally Posted by joeplus4
Quote:
Originally Posted by rvanne77
Do you have a site for this figure?
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