Return to the Apartment Living Forum | Post a Follow-Up

 o
Renewing A Lease

Posted by patti43 (My Page) on
Wed, Jun 20, 07 at 22:58

Okay, this is probably the dumbest question ever asked on this forum, but here goes anyway.

We got a notice that it's getting time to renew our lease. Since we moved in last September the rent has gone up over $100 a month. Question is: Do we "renew" at the rate we are paying now, or will it be at the higher price?

The answer is probably the higher price, but I'm just wondering about the term "renew". Thanks in advance for your input.


Follow-Up Postings:

 o
RE: Renewing A Lease

If your rent has gone up that much since Sept., I'd be taking the opportunity to find a new place! Yes, you pay the higher rate (unless you're lucky enough to be in one of NYC's rent-controlled places!).


 o
RE: Renewing A Lease

"Renew" can be a bit misleading, since the definition as it pertains to contracts is To arrange for the extension of. So the word "renew" makes it sound like it will be extended with the same terms. But just the opposite is true with leases. Renewal is the time to change terms or conditions of the lease/contract, since a contract can't be changed while it's in force (unless both parties consent in writing). So if you're agreeable to those changes (rent increase, for instance, or landlord allows pets when they didn't before, or it goes from one year to six months) then you'd "renew". If the terms or conditions of the contract/lease change and you don't like them, then you wouldn't renew ;)


 o
RE: Renewing A Lease

In the complex we live in the notice that is sent out when it is time to "renew" lists any and all changes, including any increases that will be in effect. That should have been all lined out in the notice so you have time to think about renewing or finding a place that does not increase.

Our rent did not go up this year. This was a brand new complex 2 years ago and they kept the rent the same for the original tenants that, right now, plan on staying. They really cater to the ones they want to stay.

We had gotten into a rent control situation when we were first married. I had lived there by myself for 5 years and then once married we got a townhouse, but stayed in the same complex. We were paying only $365 when market value was $590. It was very hard to ever leave because we were locked in at that rate. $365 was a daggone steal for a 2bdrm/2bath townhome but we bought a house after a few years.

Do you have any rent control complexes in your area? $100 increase is unheard in my part of the country. $10 causes people to rebel! :)


 o
RE: Renewing A Lease

Thanks for all your answers. I am/was hoping to keep the rent the same, but I have a feeling we will be moving. We're retired and unfortunately our COLA hasn't gone up as much as the rent here. If Florida has any rent control complexes, I haven't seen them in this area. The notice we got was more like a greeting card. The front read, "Time Is Running Out..." with a picture of an hourglass and the inside looks like a party invitation. It just tells the date the lease expires and says to renew at our earliest convenience. Also, a P.S. "Now is the perfect time to give us a call so that we can have your lease waiting for you when you arrive." Did I say how much I hate moving? ;-o


 o
RE: Renewing A Lease

Yeah, I have seen those "party" invitations! They should outline any changes so you have a chance to know if you want to stay. Here, where we are now, they send out your renewal notice 60 days ahead of time, outlining any changes so you then have a chance to decide to leave if you want and still give a 30 day notice.

So sorry you have to move again!


 o
RE: Renewing A Lease

We lived in a complex where they tried to up the rent by $400 one year (the base rent was $1600). We complained, and got it lowered to a raise of $200. It was still painful.


 o
RE: Renewing A Lease

It's me again! I called the office today and to renew the lease it will be $20 off the new price. That still raises it by around $80.

Then I called (twice) about a condo FSBO that was listed in the paper today. 2/2 and in a really, really good area. It was pretty cheap for where it is and I haven't gotten a call-back, so it's probably gone, darn it. I was so excited!


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Apartment Living Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here