I approved a lease without discussing any rate adjustment, yet the new listing now shows a $50/week increase. Is this a common practice by agents?
hey nor, i was in a simmilar situation last yr. it made me wonder if the agent was sneakily using a clause i’d not noticed. defo worth challnging and clarifying with the agent and checking the lease proper, cuz that surprise hike seems kinda off.
Hey Nor, that’s odd! Did your agent mention any potential adjustments before signing, or is this totally new? I’m curious if others have dealt with unexpected hikes. Wonder if local laws influence this or if it’s just rough handling. What have you heard from folks around here?
Based on my own experience, I have seen similar occurrences where the listed rental rate seemed to change unexpectedly. It is not common practice for agents to make such adjustments without discussing it during lease negotiations. In one situation, I had to review the lease agreement carefully because a clause allowed for market rate adjustments, but that isn’t always clearly stated. It is advisable to have a clear conversation with your agent to understand any potential clauses in the lease that justify this increase and verify it with your official documentation.
Hey Nor, curious twist! Did your agent mention any clause about device adjustments? I wonder if it’s legit or a mistake. What’s your take on handling these surprises?