Re: My landlord wants to increase our rent at the end of our lease...
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You certainly don't need to be deciding now whether you want to renew your lease for 9/06-8/07. Although he might like some idea now, it's awfully early to be getting tenants to decide whether they want to renew nine months from now.
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This is SOP in the student housing market. At least, my landlord, and landlords of most of my friends did. This was in Worcester, MA, so this may vary.
Being a landlord for college kids has it's plusses and minuses. The big advantage is that you have near 100% occupancy, at least if your property is near a school with a relatively low housing supply, like a school located in a city.
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