Do most landlords usually increase ...

Mokena, IL ApartmentsbreakCommunity ForumbreakDo most landlords usually increase rent after a ...

 
  • JenH
    2+ weeks old

    Do most landlords usually increase rent after a year? Can that be legal. Do they do this to try get more money out of new residents on current residents?

    • Landlords can charge anything that they like for rent. If they are smart they keep on top of what the going rate is for comparable properties so they don't price themselves out of competition. If their expenses go up, it is quite reasonable that they may have to raise the rental rates. If you have a signed lease, the rent amount would be good for the period of that lease.