Legal Question in Landlord & Tenant Law in Mexico
Raising rent
Contract says''rents mey be increased once annually, and shall not exceed 5%of current rent.Price will be adjusted at end of each 10yr period''. They now have raised it 40%!!-IS THIS LEGAL???
Asked on 6/05/07, 9:58 pm
1 Answer from Attorneys
Robert L. Bennett
Law offices of Robert L. Bennett
Re: Raising rent
I would like to help, but your question is missing key elements. When you say "contract", do you mean "lease"? If so, for what period of time is the lease? Is the lease up? It may be legal, and it may not. Please feel free to call me, or e-mail me with more details, and I'll do my best to answer. Also, some areas of California have "rent control" laws.
Answered on 6/05/07, 10:38 pm