Thank you all so much for your replies. We did email him telling him that we were not ok and were ready to leave the apartment if he pushed. Fortunately he has agreed to not increase the rent for the time being.
And hopefully I will be reading up more on this forum on what the rules and...
So I went back and re-read the lease agreement. There is a clause that states that he can increase the rent after one year. But it doesn't state by how much and it also doesn't state what happens if we don't agree to that amount.
Thing is we are not ok with this 50 dollar hike per month...
Hi,
We entered a fixed term lease for 2 years and the end of year one is the end of this month. Our landlord emailed us on friday saying that he wanted to increase the rent by 50 dollars to cover for inflation. My question is can he do that ?
If he does that is this lease still valid or...