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Just ran into an interesting scam landlords are pulling. It used to be 30 days notice to vacate. Landlords are pumping this up to 60-90 days in their rental agr
by exabrial 5y ago
Just ran into an interesting scam landlords are pulling. It used to be 30 days notice to vacate. Landlords are pumping this up to 60-90 days in their rental agreements. They hide this in a 20 page leasing agreement then hammer their residents when they try to move.
In a free market, this wouldn't be an issue: renters would tell landlords to eat crap and walk. But there are two major issues: first, housing is a tightly regulated market controlled by a cartel of realtors who have lobbied to pass multiple laws to prevent people from selling their houses "without a realtor". The second is a series of leasing Cartels that all collude to use the same lease, giving renters very poor choice.
Here's the thing: in this market, there is no way in hell you can tell a buyer we'll close in 60+ days. This further exacerbates the housing market traffic jam, meanwhile the landlords and realtors are the only ones winning.
The only way out to is de-regulate the absolute crap out the market and releasing the market from the cartels that control it.
- seattle_spring 5y agoWhile I agree it's a scummy landlord tactic, I don't buy that this affects anyone's ability to purchase a home in any way whatsoever. If you can't afford a one month overlap of rent then you cannot afford a home, period. Further, most people overlap anyway so they can make sure the new home is situated before filling it with stuff.