Craig Miller wrote:
I'll beat Mr. Luce to the punch. If proper/legal/reasonable notice is given, the landlord can raise rent as much or as often as they like. Provided 1. Does not violate terms of agreed upon lease 2. Violate laws of the land, example: All the single people are getting rent increases but not the marrieds. 3. Program restrictions. Such as Section 8. [GDL] Yep, ya beat me. I'd add that there are some relatively unknown state programs that have affected the timing of raising rent and the amount of rent increases. One is the 4(D) property tax program, which is being phased out. In return for significantly reduced property taxes, the property owner agrees to cap rents (and those levels are fairly high in my mind) and to increase rents only once a year. The owner also agrees to make a certain percentage of the units "available" to Section 8. To keep this Minneapolis specific, through 2001 there were about 40 4(D) properties in North Phillips, representing 506 pledged units (some units are not pledged as 4(D)). There are roughly 7,000 pledged units throughout the city. Gregory Luce Project 504/Minneapolis (North Phillips) _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
