Post: Terminal Month's Rent
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Posted by Rose on 8/10/07
We have a current tenant that signed a one year lease over 10 years ago that included a stated amount, $700.00, her original rent, as the terminal month's rent deposited. She is now on a month to month. Since then, her monthly rent has been progressively increased to $900.00 over the past 10 years. Our unit is in a rent control area and all the increases followed the guidelines of the rent control rules. Does this originally deposited amount, $700.00, represent the maximum that we can charge her for the last month she will occupy the unit, in which the rent is currently $900.00? Are we permitted to collect the difference of $200.00 now to be placed with her original security deposit of $400.00. What notice do we need to give the tenant that she needs to increase her last month's rent deposited (if we can legally do so?).
Posts on this thread, including this one
- Terminal Month's Rent, 8/10/07, by Rose.
- Re: Terminal Month's Rent, 8/10/07, by Rose.
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