No one is ever happy about an increase in their monthly bills, especially for something as important as rent. Decent Landlords and building owners also don't enjoy the process as it typically means their costs have gone up as well.
Things like increases from HOA, home owners insurance premium increases, and property taxes can result in your landlord increasing your rent.
Yes, you can refuse to pay but you may be subject to penalties and eviction. Similarly, landlords can also refuse to pay their HOA fees or taxes but then they'd be subject to property seizure and other finacial penalties.
To determine what your increase in rent was as a percentage, enter your original rent and then your new monthly rent into my rent increase percentage calculator. Then, if you know it, enter the maximum allowable increase for your state or county.
Finally, click the generate button and my robots will tell you what the increase is and how it compares to the legal allowable increase.
Increases in costs are never a good thing when it comes to your home or business. Both landlords and tenants can both stand to benefit from some additional cash to combat these inevitable price hikes.
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Posted by: Matt Irving on 1/24/2024