My landlord is raising my rent more than 7% for the next year. Is there any state or city limit on the amount a landlord can raise the rent? I'm in Davis Square. Thanks for any help you can give!
A central problem is that the actual value of places in Somerville is going up. If there's someone out there who is willing to pay 50% more, it's difficult to tell the landlord that you'll only pay a 10% increase.
And the actual value going up means the assessed value is going up. Your landlord might owe more in taxes next year than this year, and might be passing that cost on to the tenants.
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Date: 2014-04-10 02:03 am (UTC)Prior to that, in Cambridge, we had an increase of about 25%.
It doesn't seem to matter whether you are a good or bad tenant, rents are just going up.
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Date: 2014-04-10 01:29 pm (UTC)no subject
Date: 2014-04-11 03:55 am (UTC)