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Reply to "Possible for landlord to not renew at end of lease?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you registered as exempt from rent control with the RAD? If not, you are rent controlled. Not sure where people are getting the it has to be reasonable or CPI rules, if you are not subject to rent control. Cites? Because from what I can see, the cap is only subject to your lease agreement, which probably doesn't specify.[/quote] Because that is the law in DC. Even if you are not rent controlled, even if you are month to month, the landlord can only raise the rent once a month and only to what the market can bear (market rent).[/quote] No cite for what the market can bear. Agree it can’t be retaliatory. Even assuming that the limit is what the market can bear, who knows what the market can bear. Things are overpriced all the time. [b]If OP is registered as exempt from rent control with RAD, [/b]which I doubt based on not seeming to know much about LT law, she can just …aim high of market. Sometimes price cuts are necessary, you know. Problem solved. She wouldn’t be alone. All the lease takeovers I’m looking at now in big buildings are priced at 10-20% less than if I sign a new lease. There are a lot of vacant units in those buildings. But the area is seeing big rent hikes.[/quote] How does one get registered to be exempt? We are moving overseas for a few years in late 2022 and will be renting out our house (in the past, we've only rented out our English basement on a short-term basis). A multi-year lease makes me think we should get this settled. That said, we probably wouldn't raise the rent more than 2-4% each year since we want someone who will stay for 2-3 years until our return to DC.[/quote] Different poster here, and a landlord. If you get good tenants, don't raise the rent at all. It is worth passing up a few hundred bucks a month to have good, happy tenants.[/quote] PP here: Agreed! That's why I'm not sure if its even worth trying to get the RAD rent control exemption - we likely won't push up against the rent control limits (if we increase the rent at all); we have an end date; and we will provide the 90 day notice before our bone fide return to reclaim the house in NW DC. Not sure if the juice is worth the squeeze to jump thru RAD's hoops.[/quote]
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