919-859-2262 save favorite
51%
overall rating:
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Rent Increase
From: dbwdbwDate posted: 10/23/2007
Years at this apartment: 2005-01-01 - 2007-01-01
1 response
I turned in my mothers new proposed lease agreement today for next year and asked them how they could justify a 4% rent increase for the second year in a row. (I called the town of Cary and the average increase is 2.2%) There answer was that they are at a 98% occupancy rate..not sure what that had to do with the increase..and was also told BECAUSE THEY CAN!! Told me that 4% would be the normal increase every year..that is even higher than the current inflation rate. Wanted people to beware and share this info
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| From: Anonymous | Date: 03/30/2009 |
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I agree with the property, 3-5 percent is the average. It's just what happens while the economy is good. These days they're giving away 2 months free as the concession. Just a sign of the times.
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