It’s the same thing here in Minnesota too. I just signed a lease, and they told me if I signed it quickly I could guarantee that price but the software recalculates it every month. I didn’t sign it in time, and rent went up $75 for nothing. It’s a 50-year-old building and hasn’t been renovated recently.
It’s the same thing here in Minnesota too. I just signed a lease, and they told me if I signed it quickly I could guarantee that price but the software recalculates it every month. I didn’t sign it in time, and rent went up $75 for nothing. It’s a 50-year-old building and hasn’t been renovated recently.
My rent is up to $4/sqft/mo.
But that’s because I moved and it reset to ‘market value’. Rental increases are tied to inflation in this region, enshrined in the law.