Saturday, 10 May 2014

Can our rent be raised from 1000 to 2300 a month? We have been paying the mortgage directly to the bank for over 10 years.

Question

Can our rent be raised from 1000 to 2300 a month? We have been paying the mortgage directly to the bank for over 10 years.



Answer

If you are not in a rent controlled city, yes, although for that large a jump at least 60 days notice is legally required, maybe more.



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