[Boutwell]

Currently I'm renting an apartment in Idaho on a month to month basis. I've been here for about three and half years. About 6-months ago they bumped my rent up for the first time. Now they did it again a week ago. They want me to sign up for a longer contract and say if I do they will lower my rent. I'm not interested in doing a longer contract. I'm curious if anyone knows how much they can raise my rent on a yearly basis. If there is a cap - what is it?
J

[excon]

Hello Bout:

They can raise your rent every month and there's no cap. The market dictates the rent. Rents are controlled in New York City, not Idaho.

excon

[Fr_Chuck]

Yep they can raise your rent every month if they want, and they can raise it to what the highest market value of the home is for rental

[Boutwell]

Thanks for the info!