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Brodyftw00 t1_jaopwdp wrote

The 120-day notice seems very odd. It should be reciprocal, and tenants also need to give 120 days' notice before vacating. This seems very one-sided, and I can't image it passing. I also don't really understand that the rent increase can only be once a year. If the tenant is on a lease, the landlord can't raise their rent.

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NinjaSant4 t1_jaoqi1b wrote

Leases aren't used in many rental cases. If a property has a price increase in January and someone moves out in June you can't then increase the rent again for the next tenant until the following January.

One sided? You mean giving tenants protections against landlords deciding to raise rent within 30 days and if you don't agree you need to be out by then?

It'll pass and the fact that you are shilling for landlords says a lot about you.

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Brodyftw00 t1_jaosf1r wrote

Typically, if laws are placed against landlords, there will be fewer people renting their house and fewer rentals available. Less rentals available means increased rent prices. There is a reason rent control has failed in most places that have implemented them.

Yes, many of these items mentioned on the post are one-sided. There are many landlords who rent out the other side of their house to help cover the cost. There is no protection against rising costs on the landlords side. Increased cost of repairs, utilities, and taxes happen all the time. Landlords should be held to a standard to provide habitable residents, which the law currently requires.

Also, under the sinario you mentioned, it doesn't make sense that the landlord couldn't increase the rent. If the market rate increases, why can't the landlord charge a market price, like every other service like grocery stores? If the price declines, should we hold tenants to a higher rent? No! Rents also change during different times of the year. Typically, apartments rent for more in the spring/summer than the winter. Locking a landlord into 1 price is not logical.

I'm saying the laws should be reciprocal, so if the tenant needs to provide a 30-day notice to leave, the landlord should provide a 30-day notice. This is how the law is currently set up. Kinda like labor laws.

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NinjaSant4 t1_jap1mcj wrote

Found the landlord.

There is a housing shortage. There is no problem with people finding people to rent their properties.

They shouldn't be allowed to change rent prices more than once a year. Full stop. You set a price and its locked in. Its called regulations. Gas stations can only change their prices once a day. Regulations exist to keep people from manipulating the markets.

The landlord already has enough protections and rental agencies have taken advantage of lack of regulations to the extent that they need to be reeled back into reality.

Many other states successfully require more than 30 days. None of these are outlandish or brand new ideas. They have been done elsewhere and low and behold - rentals are still ongoing there!

Next you'll say not letting them charge an application fee is wrong because why shouldn't they be allowed to profit off of people they'll never do business with?

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Brodyftw00 t1_jap3ttm wrote

Yes, I am a landlord. I own a 2-family house. Live in the first floor and rent the 2nd. Is that wrong? My tenants have always stayed it a very long time ( 2 tenants in the past 8 years), I don't raise their rents, and I am always available for any issues. I previously rented before buying my house, so I get it...

I just don't think these regulations would actually help things. If regulations became too extreme, I could see myself simply selling the house and moving to a single family. If I had a sick family member who needs care, why can't I get possession of my own asset, as long as it's within the boundaries of the lease? The 120 day notice is simply extreme.

I have personally witnessed tenants abusing landlord during the pandemic and not held accountable.

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NinjaSant4 t1_jap69vn wrote

LOL so one time during a world wide pandemic some tenants were able to manipulate the laws to their advantage - all landlords are now victims and basically POOR!!!

You decided to make an investment and sometimes those don't pan out, a pandemic isn't something most people plan for but you don't get guaranteed returns just because you are using an essential good as your investment.

Gas and electric have to go through the courts to raise rates. Maybe landlords should have to prove that their property actually increased in value before raising prices, show you need the funds to do repairs and maybe we can talk.

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Brodyftw00 t1_jap72ux wrote

It's not just the pandemic... people abuse the court system all the time. The free-market sets the price. A person renting can choose who they rent from, which is unlike a unitlity company. It's a poor argument and uneducated argument. Tenants are locked into a rent price per lease, which is not the same as a utility company.

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NinjaSant4 t1_jape2mh wrote

You are totally right, landlords do abuse the court systems all the time.

Woe is you, your investment isn't giving you the returns you want because you can't pillage someone else's labor through the threat of homelessness. Such hardships. Maybe get a real job???

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Brodyftw00 t1_japexb6 wrote

I don't understand that argument. No one is bitching at farmers or grocery store owners at the rising cost of food. Under your argument, the grocery stores are profiting off people's need to not starve to death.

We need more landlords, not less. It's supply and demand, my friend 😉. Why are you so hostel to landlords? Don't you want people to have places to live?

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NinjaSant4 t1_japmhxp wrote

Ah yes, saying people won't have places to live if we make landlords follow RULES! Such a reasonable and well thought out take. Regulations exist in most markets, and in vital industries (like housing) there are often many. I'm sure you know this if you keep your apartment up to code.

God forbid we keep them from raising rent multiple times in a year, such a heinous restriction!

120 days before making someone homeless is such a burden! How do all the other states with similar time frames survive???

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