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Reply to "Rental agreements in DC - bigger rent increase if month-to-month"
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[quote=Anonymous][quote=Anonymous]Wondering if anyone has any quick knowledge or advice before I spend loads of time trying to decipher rental laws... we are about to sign a lease, but our landlord has stated rent will increase 2.5% after one year IF we sign another one year lease. If not, the rent will increase by 6.5%. Is this legal in DC? I thought renters had the right to always go month-to-month without being penalized. I've rented for 13 years at 4 different properties in DC and have been fortunate enough to not have a landlord who raised rent every year or more than $50 each time. Any advice appreciated. [/quote] I would be very wary about renting from a LL who is willing to give you a better deal to sign one-year leases when unemployment is 20%. Yes, DC is slightly insulated from massive shocks in unemployment but there are tons of people here in the service industry and the aftershocks are certainly going to ripple through the DC rental market. Personally if I was just testing the market, I'd wait and would find another apartment that isn't looking to play financial hardball upfront. There are plenty of rent controlled apartments all over the city where the most you'd pay in any pct increase would be 4%. And with CPI about to crash, which DC rent control is tethered to, rent control hikes should be lower in the next few years.[/quote]
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