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    xmeetmenmontauk's Avatar
    xmeetmenmontauk Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 13, 2007, 08:13 PM
    Lowering rent for new tenants
    I signed a lease in a college-oriented apartment complex with an agreement to pay $525 a month. Only a few weeks later they have advertised the apartments at $475 a month. I have not even moved in yet and people are living in the same apartment for $50 cheaper. Is this legal? I tried to reason with my landlord but she claims that unless I can prove it illegal, I have no choice but to pay extra. Please help! :(
    XenoSapien's Avatar
    XenoSapien Posts: 627, Reputation: 42
    Senior Member
    		  
    #2

    Jul 14, 2007, 03:47 AM
    Sounds like you are bound to the lease you signed. You agreed to the $525 with your signature. I'd be surprised if a judge found in favor of you getting the reduced price.

    XenoSapien
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #3

    Jul 14, 2007, 06:24 AM
    Hello x:

    Yeah, I hate it when I buy a computer and find out that the price dropped the day after I bought it. But, that's what happens in business. They didn't cheat you.

    excon
    XenoSapien's Avatar
    XenoSapien Posts: 627, Reputation: 42
    Senior Member
    		  
    #4

    Jul 14, 2007, 06:26 AM
    Yep. Sometimes we get a good deal, and most of the time we don't. :)

    XenoSapien
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #5

    Jul 14, 2007, 06:34 AM
    The complex is right. You agreed to the rental. If they decided after leasing to you that they weren't getting enough takers at the higher rent, then they made a business decision. It happens.
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