Anonymous wrote:Anonymous wrote:Anonymous wrote:Non-DC resident or owner here: who could possibly want to be a landlord in DC if you can't do what you want with your property within reason? I did not know that you can't not renew a lease. That's insane.
Leases last into perpetuity in DC after the first 12 months. Landlords have the option to raise the rent once per 12 month period, however all the other terms in the original lease remain intact.
You have to understand the history of DC to understand why the rental market evolved in this manner. African-Americans were discriminated against in MANY neighborhoods (both renting & buying) and many could not get a loan to buy property. In addition, much of the rental market was controlled by white slumlords who safely lived in the suburbs.
Finally, lease renewals were often a way for landlords to discriminate against people of color and force them out (even if they paid rent on time and didn't cause trouble). Back in 1940s - 70s, well-off African American families often used white "strawmen" purchasers and financial advisors to secure a home in a good white neighborhood. Landlords would use lease renewals to force these otherwise well-off families out of their home.
Is there a cap on rent increases? Whenever I see these posts I always think well just raise the rent by $500 and see if the tenant decides to stay.
Anonymous wrote:Anonymous wrote:Non-DC resident or owner here: who could possibly want to be a landlord in DC if you can't do what you want with your property within reason? I did not know that you can't not renew a lease. That's insane.
Leases last into perpetuity in DC after the first 12 months. Landlords have the option to raise the rent once per 12 month period, however all the other terms in the original lease remain intact.
You have to understand the history of DC to understand why the rental market evolved in this manner. African-Americans were discriminated against in MANY neighborhoods (both renting & buying) and many could not get a loan to buy property. In addition, much of the rental market was controlled by white slumlords who safely lived in the suburbs.
Finally, lease renewals were often a way for landlords to discriminate against people of color and force them out (even if they paid rent on time and didn't cause trouble). Back in 1940s - 70s, well-off African American families often used white "strawmen" purchasers and financial advisors to secure a home in a good white neighborhood. Landlords would use lease renewals to force these otherwise well-off families out of their home.
Anonymous wrote:Anonymous wrote:Non-DC resident or owner here: who could possibly want to be a landlord in DC if you can't do what you want with your property within reason? I did not know that you can't not renew a lease. That's insane.
Leases last into perpetuity in DC after the first 12 months. Landlords have the option to raise the rent once per 12 month period, however all the other terms in the original lease remain intact.
You have to understand the history of DC to understand why the rental market evolved in this manner. African-Americans were discriminated against in MANY neighborhoods (both renting & buying) and many could not get a loan to buy property. In addition, much of the rental market was controlled by white slumlords who safely lived in the suburbs.
Finally, lease renewals were often a way for landlords to discriminate against people of color and force them out (even if they paid rent on time and didn't cause trouble). Back in 1940s - 70s, well-off African American families often used white "strawmen" purchasers and financial advisors to secure a home in a good white neighborhood. Landlords would use lease renewals to force these otherwise well-off families out of their home.
Anonymous wrote:Non-DC resident or owner here: who could possibly want to be a landlord in DC if you can't do what you want with your property within reason? I did not know that you can't not renew a lease. That's insane.