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General Property Management
Should 2nd year rent increase be put into lease with option to renew?
D
Darline U
started a topic
almost 14 years ago
I am putting together a 1 year lease with option to renew for year 2. Should I put a rent increase in the lease for year 2 or wait until next year when they are exercising their option? I want to reflect a CPI or $100 a month increase to reflect inflation.
1 Comment
D
Denise S
said
almost 14 years ago
Well , there are two schools of though here. Although letting a tenant know ahead of time may dissuade them from renting; I beleive it is the right thing to do.
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