 renewal of lease (by Asma [AZ]) Jul 9, 2009 2:21 PM
 renewal of lease (by Irish [MD]) Jul 9, 2009 7:42 PM
renewal of lease (by Asma [AZ]) Posted on: Jul 9, 2009 2:21 PM
Message:
State Specific Question About: ARIZONA (AZ)
Abt renewal of lease agreement how much the % increase in rent is allowed or since the term of the lease is over it can be renewed on entirley new terms. i will appreciate your early response. Thx! --98.165.xxx.xx |
renewal of lease (by Irish [MD]) Posted on: Jul 9, 2009 7:42 PM
Message:
Unless your property is in a rent control area, generally there is no max. increase...
However...many other posters on this topic all over the country have been reporting rent rates are dropping for them on turnovers, and some even report a reduction in rent to renewals...
You have to do some comps on your local area to assess what the comprable units are renting for, and assess the probability of your exisiting tenant vacating due to your projected rent increase... --70.109.xx.xxx |
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