I am not sure what all the outrage is here. The owners are well within their rights to raise the rent at the time the renter signs a new lease. The renter signed a one year lease which is up for renewal. The owners want to raise the rent. The renter can choose to either pay the new price or move. It is all very easy. My guess is that as the lease is up in August, they need to let the owners know now, 60 days in advance, whether they will be renewing or not.
We own a LOT of rental property and often raise the rent each year.
If you do not want to pay a higher price, you can always negotiate. For instance, we have a tenant who agreed to do all the lawn work and snow shoveling in return for a discount on the rent. For us, that was a great deal so we agreed.
Good luck
We own a LOT of rental property and often raise the rent each year.
If you do not want to pay a higher price, you can always negotiate. For instance, we have a tenant who agreed to do all the lawn work and snow shoveling in return for a discount on the rent. For us, that was a great deal so we agreed.
Good luck