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Kandice Jenkins
We always do 3-6 months as a courtesy - with the notice there could be another market increase if they don't lock in their rate & sign by a certain date (market changes can happen at any time).
Posted 2 years 5 months ago
Lori Lindley
Too long , I would recommend 90 day
Posted 2 years 5 months ago
Shawn James Haussler
What I think is crazy is that tenants in WA are only required to give a 20 day notice to vacate still. How are you to predict how many residents saying they are going to move out in 160 days to know how conservative to be on the increases?
Posted 2 years 5 months ago
Eva Radecki
I'm curious..what is the average price for rentals in that area?? I think i heard it was very expensive comparatively, so if it is..and the increase is substantial...most people need a bit of time to come up with the money, find a place to live...
Posted 2 years 5 months ago
Laura Renaldo
Is it legal to do a tiered renewal amount? So 6% increase if renewed at 180 days and then 1% higher per month until 10%?
Posted 2 years 5 months ago
Ned Wasserstein
Agreed. We give them an option within their first 6 months to switch to a 2 year lease which avoids the increase entirely.