Landlord raising rent, any options?
New landlord recently bought building. Several units and they live in the building too. Got notice that rent is going up. They did it just a few dollars less than 10% so they’d get out of paying any tenant relocation fee.
Assuming my options are to move or pay higher rent, but please let me know if there are other options I’m not seeing. Given 3 months notice for increase and I’m month to month so from what I understand I don’t need to give more than 30 days notice on my end as to whether I’m staying or going.
Have lived here several years and another tenant has lived here over 15. Seems dumb to try and get rid of good tenants by raising the rent (15 year plus person can’t afford increase either as they are on a fixed income). Not to mention the place is old, most of my appliances are probably from the 90s and landlord has a day job where they make good money-think tech, law, or medicine specialty money. How are those of us at the bottom even supposed to survive?