4 ms·
If he had raised the the rent as he did and then rented it to a different tenant, there would be no issue. If he had raised $100 a month, she decided to move ou
by thekevan 10y ago
If he had raised the the rent as he did and then rented it to a different tenant, there would be no issue. If he had raised $100 a month, she decided to move out and he moved in, there might not have been an issue.
You give up some rights on your property when you become a landlord. For instance if you own a home, you can go in and out of any part of that home whenever you like. However if you rent it out to someone else, you lose that right. (You can enter but must give notice a certain amount of time in advance.)
As a landlord, you have the right to raise rent above market rate in most areas, but in this case you lose the right to move in if said raise in rate causes the tenant to move out.
- gozur88 10y ago>You give up some rights on your property when you become a landlord. That's a big reason for the shortage in rental units. To navigate this environment safely you really have to be a full time landlord with good legal advice and relatively deep pockets. There are probably thousands of MIL units and back rooms that would be on the market if not for the legal risk.
- jibalt 10y agoNo, actually, it's not, but nice story.