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Double Digit Rent Hikes after two years

Started by Obelix33
over 7 years ago
Posts: 15
Member since: Jun 2018
Discussion about 425 Riverside Drive #7I
We rented in the building two years ago but we are now asked to pay a double digit rent hike when inflation is running at 2% per year. In addition, management is planning to reduce personnel and service - No doorman in the side entrance for instance. Other buildings treat tenants more fairly!
Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

As a renter, just move if you can get a better deal. That is the only way to negotiate. Landlords will try to maximize profits by increasing whatever they can get away with. Or you can always buy. There are plenty of options in the market.

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