Topic: Landlord Raising Rent
Landlord Raising Rent
I needed some advice on something. My landlord has raised our rent from $2600 to $2750. I went to the Office of Tenant Advocacy and their site says, “the most common allowable increase in rent is an annual adjustment, based on the increase in the Consumer Price Index (CPI). For most tenants, the most that their rent can increase is the CPI percentage plus 2 percent, but not more than 10 percent.” There is more info in the below link.
I called up the office and they said CPI for 2015 is 1.5%. If this is the case, my landlord can only raise my rent by $91. Am I missing something?