Hi
I moved in with a friend recently after paying an extortionate admin fee to get my name on the lease. This agent has now issued an amended lease with my name included but has also increased the rent by 2%. He already issued a rent review last March of this year increasing the rent by 4%. He claims that because this is a "beginning a new tenancy", he is able to increase the rent again (calculate it based on the date the last rent was set) and bypass the 90day notice for rent increase. My friend has been a tenant in the same apartment for more than 10years so I don't understand his claims of "new tenancy". Are his claims valid? What's the best way to handle the situation?
I moved in with a friend recently after paying an extortionate admin fee to get my name on the lease. This agent has now issued an amended lease with my name included but has also increased the rent by 2%. He already issued a rent review last March of this year increasing the rent by 4%. He claims that because this is a "beginning a new tenancy", he is able to increase the rent again (calculate it based on the date the last rent was set) and bypass the 90day notice for rent increase. My friend has been a tenant in the same apartment for more than 10years so I don't understand his claims of "new tenancy". Are his claims valid? What's the best way to handle the situation?