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Extended Term the Monthly Rental Shall Increase by % Form

Extended Term the Monthly Rental Shall Increase by % Form

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from tensing in Colorado I have a rental property that is due for lease renewal in a few months my wife and I are trying to decide if we should increase the rent as it stands the rent pays the mortgage and cash flows about 400 a month similar townhomes and apartments in the neighborhood rent over one hundred dollars more than what we're charging my tenants are a young couple one is finishing school and the other is an assistant manager at a rental car company we've had them for a year and they've been very timely with their rent payment we don't want to overburden them with higher rent at the same time would it be foolish to not increase the rent what would you do I would leave the rent as it is if you were telling me that similar units are renting for 500 more a month and yours is let's say a hundred dollars under Market the cost to you of giving the tenants a reason to say huh let's go see what else is out there you end up with a vacanc

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