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    Billxc's Avatar
    Billxc Posts: 1, Reputation: 1
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    #1

    Jan 5, 2009, 11:28 AM
    Why is my apartment rent raised this year and much higher than the past?
    Why is my apartment rent raised this year and much higher than the past? Does it have to do with government household fee or something? Answers much appreciated!
    JBeaucaire's Avatar
    JBeaucaire Posts: 5,426, Reputation: 997
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    #2

    Jan 5, 2009, 11:33 AM

    It's raised because the landlord has analyzed the market and believes the new rates match what the market will bear.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #3

    Jan 5, 2009, 11:33 AM
    Quote Originally Posted by Billxc View Post
    Why is my apartment rent raised this year and much higher than the past? Does it have to do with government household fee or something? Answers much appreciated!


    Where are you, State, Country? Rent increases are regulated in some areas.

    Otherwise it's supply and demand - the landlord will get whatever he can by means of rent.
    MsMewiththat's Avatar
    MsMewiththat Posts: 854, Reputation: 136
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    #4

    Jan 5, 2009, 11:39 AM

    Property taxes, maybe to cover new mortgages or loans taken out on the property as well. J B's answer is correct and it would benefit you to see if the new amount is in line with your community, but it does depend as mentioned above on where you live. Also I would check in to what is mandated by law in your area and/or in your lease. Sometimes it states that rent can't be raised more than a certain percentage per lease agreement. <--depending on where you are and the agreement you have signed.
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