Is it legal for a landlord to raise the rent every year in Texas and New York?

Is it legal for a landlord to raise the rent every year in Texas and New York?

There is a really simple answer to this query. And the simple is tied up with complications. Here it is. It depends on where you live, what kind of lease you have and how long you’ve had it.

I am not familiar with the housing laws of New York State. However NYC housing laws are so twisted and complex that even the lawyers frequently need a lawyer.

Their laws are so twisted that people can get behind in their rent for months on end before anyone who could provide help to either the tenant or the landlord are actually able to. LOL

Their economy is so frazzled that it is possible to go from tenant with a decent job into the gutter as a homeless man without anyone noticing or even caring. If had billions in the bank and owned the property, there is no way Insould choose to live in New York.

It is a place where natives eat the newbies for lunch and actually laugh the first time a noob gets mugged. Sure, they have Lincoln Center, Central Park, the West Side, the Statue of Liberty and the Russian Tea Room,
well they used to have that.

But NYC is not high on my fav places to visit. Iit’s like when a lady has a beauty mark on just the right spot on her face. It makes her interesting to look at and gives her character.

But who would want to look at a
woman whose face was covered in them?
But I guess if you are going to sing on Broadway or be a stock broker, that’s the place to go. Good luck to you. I would recommend and expert professional
acclimator who can help you with all those questions.

Thatll set you back one or two grand, but you better get used to things costing a fortune if you want to live there.

Now Texas on the other hand has a completely different kind of economy. Yes. You landlord can raise the rent sky high every time he renews your lease. But
why would he do that?

Well if he’s got people banging on his door noon and
nigjt, all with great credit scores, a dependable job, no
kids, no roommate and a spotless lease record, then
he might. Otherwise, why would he? Here the housing
market is pretty good.for both the tenant and the

landlord.

There is an upward trend in new homes. Want to know
what causes that? People making money causes that.
They are employed. Many times, with very lucrative
jobs. They have discretionary money. And they have
enough to save and to spend.

Now that’s good because a thriving community has new housing development. Then they are typically opening up houses and apartment. People with families prefer homes.

People who don’t have enough time on their hands to mow grass or feed the dog, live in apartments. If it’s balanced just right, like it has been the last few years, Everybody gets what they want without getting in over
their head.

I don’t worry about the occasional empty homes have, because someone usually wants to move in. I barely have enough time to do the maintenance on them before tenants are calling me asking when they
can move in.

Nut if I try to tweak my profit up just a messily 5%, I start loosing tenants to other landlords. So why would I jack up the system where a bunch of my tenants would move out to avoid a higher rate?

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