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Rent Raised by 10%

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Fish83 Member

Member since 10 May 2024

Fish83MemberToday 02:23:10

12

Why do they try to raise rent by 10%?

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Cliff Spark Member

Member since 14 July 2024

Cliff SparkMemberToday 04:56:22

14

Incentive to look elsewhere.

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1

Member since 27 January 2018

bigpearlViPToday 05:30:48

3618

Hi Fish83.

You mentioned try to raise the rent,,,,,, have they? This is the Philippines and all is negotiable and when not simply find another seller or as Cliff mentioned move on.

Rents rise, prices rise, my experience nothing ever become cheaper.

Good luck.

Cheers, Steve.

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FindlayMacD Serial expat

Member since 17 April 2019

FindlayMacDSerial expatToday 08:29:50

417

Move on, they are going to have to find a new tenant and lose out on rent for a while until they find the new tenant.

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Jackson4 Serial expat

Member since 21 July 2018

Jackson4Serial expatToday 11:10:32

682

Why do they try to raise rent by 10%? - @Fish83

Because they can.

All prices increase. To keep up with the cost of running a rental property, landlords need to increase their prices too.

There is a residential rent control law that the annual increase cannot be more than 2.3%. Units with rents exceeding PHP10,000 ($171) per month are exempted from this restriction.

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Member since 05 February 2022

danfinnViPToday 11:58:29

1592

Why do they try to raise rent by 10%? - @Fish83

When was the last increase, or, how long has your rent stayed at current rate?

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