Ours advised that rent was going to increase, but that they were excited we intended to stay. It went up $50, which is to pay for them to use a new system for rent collection (I currently pay them via venmo monthly).
Sometimes landlords don't suck. They even explained why they rented and seem like good people.
Noice that's awesome! I recently moved into a new place where I pay noticeably below market rent. When I asked my landlord why that is, he just said something like "this city's too expensive, I just try to keep it reasonable" Fuckin eh, I'm not gonna argue
We rented from the same landlord for 5 years and he never raised the rent. We paid on time all through Covid - they knew they didn’t want to lose us. We wound up buying the house and our mortgage was actually a little more than the rent!
Tell them. It may cost you but you might also find that the verbal contract carries more weight than you realized. It can easily be argued that the written one is an error...especially when you have social media posts that confirm you understood it was a mistake. Depending on the jurisdiction, failure to inform the other party can be considered bad faith or even fraud. The law treats contracts as to their intent. A "scrivener’s error" is not going to be interpreted as the original intent.
Speaking as someone with a rent house --- If they are on time, I give 1-2 rent drops per year and pay for an anniversary date. Eventually I want them to GTFO and own a house and that doesn't happen if I raise rent. In the meantime, if they move out, I'm out about 1-2 months of rent which is more than my discounts I give to be honest. Initial rent was less than market too because I'm not trying to get rich on this deal.
if your landlord is a human and not a corporation, then odds are it's actually a win-win for them too. It's often cheaper for you to stay than it is for you to move but that said being able to bump rent by 3 to 5% often makes up for the loss
Tbf, when they bump the rent by 3%, that’s usually keeping it the same price adjusted for inflation. It’s when the rent is going up by 12% or 15% that you are getting screwed.
I mean, it should be? If inflation is 3%, and your job gives you a 1% raise, you actually got a pay cut.
And the cost of repairs and maintenance also goes up, as does insurance and property taxes because the replacement cost of building a similar house goes up.
3% a year aint inflation thats straight up greed. They're already coming out massively ahead, and are way beyond inflation in price increases. Increasing the price on a property every year while wages stagnate is just getting more money because you want it.
I can't speak to where you are. But the idea that landlords are coming out massively ahead is maybe true for the big players, but not for the little ones. When you factor in, insurance, repairs, upkeep, etc. Most small landlords are one broken appliance away from not turning profit for 6 months.
Like sure if you're willing to gouge people and not put aside money to repave the parking, or re-do the roof, or spend like $3,000 refreshing the place between tenants, then sure. Otherwise not so much
Tbf, a lot of small landlords are barely breaking even on cash flow, BUT that’s because every month they are forced to pay down their mortgage balance, so they aren’t making $20, they are making $220 but forced to pay $200 to reduce the mortgage balance and will get that back when they eventually sell the property.
But someone making $200 a month out of $2,600 rent, the landlord’s cut isn’t really the main issue, it’s that we don’t have excess housing units built.
Pre 2020 inflation was around 2% every year. There was a pretty bad spike 2020-22 for obvious reasons, and since then it’s been averaging just under 3%. Since 2023, inflation has averaged 2.72% per year. Paying for repairs or buying groceries or paying utilities etc, $1.08 in 2026 buys what $1 bought in 2023. If your rent was $1k in 2023, the same amount of money today would be $1,080. Same reason why it’s a standard cost of living raise, an annual raise of less than 3% is actually a pay cut.
Like, no one is asking for rent and housing to go back to 1970 prices of $108 for a 2 bedroom. Just for rent to be about the same chunk of a median paycheck, instead of exploding, that was about 1/8 of the $822 average monthly pay in 1970. Proportionally, rent on a 2 bedroom today should be $702 to be the same chunk of a median paycheck, or straight adjusted for inflation $896.
Instead it’s $1750. No one is upset rent went up, really, just that it went up faster than inflation.
Ac1dBurn72
Ours advised that rent was going to increase, but that they were excited we intended to stay. It went up $50, which is to pay for them to use a new system for rent collection (I currently pay them via venmo monthly).
Sometimes landlords don't suck. They even explained why they rented and seem like good people.
Neednoggle
Noice that's awesome! I recently moved into a new place where I pay noticeably below market rent. When I asked my landlord why that is, he just said something like "this city's too expensive, I just try to keep it reasonable"
Fuckin eh, I'm not gonna argue
pluralone
No takesies backsies!
NLOVNI
Nopesies Nuh Uhnsies
MrsHowVeryDareYou
We rented from the same landlord for 5 years and he never raised the rent. We paid on time all through Covid - they knew they didn’t want to lose us. We wound up buying the house and our mortgage was actually a little more than the rent!
Unfortunate500
Tell them. It may cost you but you might also find that the verbal contract carries more weight than you realized. It can easily be argued that the written one is an error...especially when you have social media posts that confirm you understood it was a mistake.
Depending on the jurisdiction, failure to inform the other party can be considered bad faith or even fraud.
The law treats contracts as to their intent. A "scrivener’s error" is not going to be interpreted as the original intent.
thisiswhereipee
Oh, I definitely verified a double discount! Turns out it was intentional. Idk why they did it, but I'm not going to look a gift horse in the mouth
rezexelon
Speaking as someone with a rent house --- If they are on time, I give 1-2 rent drops per year and pay for an anniversary date. Eventually I want them to GTFO and own a house and that doesn't happen if I raise rent. In the meantime, if they move out, I'm out about 1-2 months of rent which is more than my discounts I give to be honest. Initial rent was less than market too because I'm not trying to get rich on this deal.
Unfortunate500
Good on you! Karma came through for ya!
ThingsThatDontJustifyGenocide
That may be a "you earned it because you were honest"-thing, really.
dataengineer
if your landlord is a human and not a corporation, then odds are it's actually a win-win for them too. It's often cheaper for you to stay than it is for you to move but that said being able to bump rent by 3 to 5% often makes up for the loss
welluhwhatdoyouwantmetosay
Yeah, someone moving out means they have to prepare it for someone else, taking time and money, and they often pay to advertise the vacancy.
nicelyvillainous
Tbf, when they bump the rent by 3%, that’s usually keeping it the same price adjusted for inflation. It’s when the rent is going up by 12% or 15% that you are getting screwed.
SilverDust133
Because my wage is also increasing too?
nicelyvillainous
I mean, it should be? If inflation is 3%, and your job gives you a 1% raise, you actually got a pay cut.
And the cost of repairs and maintenance also goes up, as does insurance and property taxes because the replacement cost of building a similar house goes up.
DeviousRaptor
3% a year aint inflation thats straight up greed. They're already coming out massively ahead, and are way beyond inflation in price increases. Increasing the price on a property every year while wages stagnate is just getting more money because you want it.
binaryhellstorm
I can't speak to where you are. But the idea that landlords are coming out massively ahead is maybe true for the big players, but not for the little ones. When you factor in, insurance, repairs, upkeep, etc. Most small landlords are one broken appliance away from not turning profit for 6 months.
Like sure if you're willing to gouge people and not put aside money to repave the parking, or re-do the roof, or spend like $3,000 refreshing the place between tenants, then sure. Otherwise not so much
nicelyvillainous
Tbf, a lot of small landlords are barely breaking even on cash flow, BUT that’s because every month they are forced to pay down their mortgage balance, so they aren’t making $20, they are making $220 but forced to pay $200 to reduce the mortgage balance and will get that back when they eventually sell the property.
But someone making $200 a month out of $2,600 rent, the landlord’s cut isn’t really the main issue, it’s that we don’t have excess housing units built.
NKato
3% of 1500 a month is 45 bucks.
nicelyvillainous
Pre 2020 inflation was around 2% every year. There was a pretty bad spike 2020-22 for obvious reasons, and since then it’s been averaging just under 3%. Since 2023, inflation has averaged 2.72% per year. Paying for repairs or buying groceries or paying utilities etc, $1.08 in 2026 buys what $1 bought in 2023. If your rent was $1k in 2023, the same amount of money today would be $1,080. Same reason why it’s a standard cost of living raise, an annual raise of less than 3% is actually a pay cut.
nicelyvillainous
Like, no one is asking for rent and housing to go back to 1970 prices of $108 for a 2 bedroom. Just for rent to be about the same chunk of a median paycheck, instead of exploding, that was about 1/8 of the $822 average monthly pay in 1970. Proportionally, rent on a 2 bedroom today should be $702 to be the same chunk of a median paycheck, or straight adjusted for inflation $896.
Instead it’s $1750. No one is upset rent went up, really, just that it went up faster than inflation.