Needles & Grooves

What percentage is that of your current rent? That seems excessive but I don't know what the rental situation/rent control is like in your area.

@BjorgenFjorgen that’s a 20% increase in rent. I just searched there’s no limit to how much a landlord can increase rent by. My lease is up in June and I have to sign a new one, so they’re free to do as they choose.

20% seems like a LOT. I never saw an increase that size in all the years I rented (short of something like a discount ending).

Ah, that's too bad. 20% is massive. I'd start looking around, but if that's basically going rate, that's really tough. Factoring in how much moving sucks, too.

It's been happening a lot as landlords were hesitant to raise during COVID and were unable to evict. It's not rational but it's normal, which sucks. I personally find it unreasonable but you probably have to compare to what you can get...

@BjorgenFjorgen honestly, that's the going rate and anything similar not located where we are would be maybe even more. I'm hoping to buy a house this year so maybe I have to grin and bear it for a couple of months and then peace out.

@waruv maybe it was to compensate? They raised rent $15 the first year, $10 last year and now $275. Maybe last year's would have been more? but this increase is definitely an outlier in the timeline.

20% hike is indeed excessive per our standards here in Ontario were rent increase is set at 1.2%

My first apartment did a 20% hike and I was outta there. And this was 12 years ago when rent prices were reasonable.

@wokeupnew - that is what I was thinking. Two years ago would be during the first big COVID fright and the second time around Vermont's eviction moratorium was still in place - landlord had no leverage, so they're catching up. I bet it's overcompensation and market adjustment as opposed to real cost adjustment but I get it.

Seems predatory.

Sounds like your landlord wants you out, tbh. Wouldn't be surprised if they list it for even higher if you leave.

Yeah, seems like a fuck you raise more than anything.

try and negotiate it lower

@EvanBenner they could definitely get more if they relisted it.

@JohnnyCashFan how would one even do that? I don’t really want to stir trouble if I might break the lease 2-3 months in.

I would just leave when the lease is up cause it really sounds like they're just trying to get you out. I have been living at my current place since 2017 and they have barely raised the rent year after year. I mean, it's like 1% maybe each time. I thought by now they'd do the huge increase, but it hasn't happened yet.