In a message dated 5/31/02 4:26:27 PM Central Daylight Time, [EMAIL PROTECTED] writes:
<< You know that seems like a hostile response. Maybe I am just being touchy. I live with 5 blocks of Mr. Graham and my rent is going up by more than 10% for the second time in 6 months. I was just wondering if there was any recourse. I realize that Mr. Reitman is fueled by the righteousness of being a landlord but gollee not all landlords are good landlords and not all tenets are good tenants...given that, is it possible to not fire up the rhetoric against someone asking a question? > << > Is there a law about how much a tenants rent can be raised and how often? > Where would a person look up this information? > > ~Kate Carey > Ventura Village (I think) > >> > Keith says; There is no limit, except the market place itself, to how much > or how often a property owner may raise the rent charged to a tenant. Notice > of rent increases are subject to Minn. statute and existing lease terms. > My question; Is there any limit to how high the stock market can be > raised? How often can fuel prices be changed up? > Keith Reitman NearNorth >>>> Keith responds to, "You know that seems like a hostile response. Maybe I am just being touchy." Keith says; Thank you for letting me know your opinion. I regret any implication you may have perceived in my answer, toward your question and your predicament, none was meant by me. I would like to tell you about a small but significant occurrence I had today. A female tenant asked me if I had any home, perhaps smaller, for less money ($1100/MO) then she, her family, and some others were staying in together at my building. Four adults and two small children, in all, are in a large 3BR. We used a friendly translator for a conversation that followed as English is their second language. I suggested that better times were ahead. They had just caught up there May/June rent yesterday, with no late fees applied. Moving can be expensive and they have been very good tenants; both honest and sincere. Regardless of the late rents I did not want to lose them or put them in a 2 Br for obvious reasons, even though I have two empty right now. I reduced the rent amount due for June and July to $900 per, and asked that they agree to pay the $400 sometime thereafter. She felt that would work and added that two of them could do some apartment cleaning in the evenings to close the gap. Just one little conversation, but it was satisfactory. It also may indicate a trend appearing in the rental market without any socialistic, and hazardous, rent control meddling from above. Simply, supply and demand, and the quantified value of a good tenant. This was business with some understanding, if not outright compassion. There are no bad neighborhoods in MPLS., only unsafe neighborhoods allowed by City Leaders. Kate, I have an apartment for you; It probably has more space for less money then comparable homes where you live. Are you willing to give up the amenities of Southside living and save? Keith Reitman No longer advertising in the Strib NearNorth _______________________________________ 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
