Join Stephen White, Jeff Pearson and Jennifer Maughan as they review the latest landlord tenant news stories from across the country and discuss the lessons landlords can learn. In this episode, the group talks about a new bill being introduced that would extend the notice time to increase rent, and one state governor who is actively advocating for LGBT equality in housing and other areas across his state.
First of all, if a landlord must give a 90-day notice, then the tenant should have to give a 90-day notice of intent to move and should be prepared for showings during that period. The 90-day period affects landlords adversely, because it reduces a landlord’s ability to gauge the market before determining the new rent. For example, if a lease ends May 30, which might be a good time to attract tenants, the landlord does not want to determine the new rent by February 28, when the weather is cold and fewer people want to move. The longer the required notice, the more the landlord has to guess what market conditions will be when the property will be vacant.
I agree with you Bob. I could never understand why tenant advocates can’t seem to agree on mutual terms. Like you mentioned, if the landlord is required to give 90 days notice, then so should the tenant.