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Management staff lied about rent increase
From:
-Anonymous-
Date posted:
2/11/2006
Years at this apartment:
2005
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2006
1 response
When I signed my lease I was told that my renewal rate would be based on my current rent (when I signed I was in some kind of "concessions" by the management, which averaged out one free month of rent over the course of the lease). I was also told that rent goes up 3% per year. This was suitable to me, as that is approximately what my income increase is per year. When it came time to renew, I was told that the market rate on my apartment was "bumped up" and the new rent is FOUR HUNDRED more than what I am paying!!!! When I confronted the management about the 3% I was quoted, all they said was that the person who quoted me that was wrong, and that she doesn't work there anymore. So I was completely out of luck, and they did nothing to compromise. They are so stuck-up that they actually think they can get $2100 for a one-bedroom!! Unreal. I have just never heard of a landlord raising a rent $400 in one year.
I found a one bedroom a couple blocks up State St. for exactly $500 less than I'm paying now, and it's just as nice -- with extremely friendly and flexible office staff!!
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User Responses
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From:
kclifford
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Date:
03/02/2006
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Understanding the Chicago market, if you do a complete market survey, you will see that these rates are very comparable to the rest of the rental buildings in this hot market. I myself did also have an increase but I also came off a huge conession so I just expected that it would. You can't really believe that a 3% is ever a guarantee due to not knowing what the market will be like one year later.
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