Foolish. When somebody pays $0.01 short 1 day late, you file eviction. That is what happens when you get rent control. No second chances, no payment plans, no negotiations. The penny late guy is out and you rent to somebody new at market. That is what my attorney advised me to do in a particular rent control state.
If there is no rent control, you can be more flexible and forgiving. Unfortunately, the legislators do not see it that way.
I do not agree with onlilnefun that rent control and rent stabilization is the same. Under rent stabilization, there are additional steps to get the rent increase, but it may be doable even if it exceeds the government limit. We operate in such a state.
How do utilities factor into rent stabilization legislation? If the park been paying for water and sewer, is it seen as a rent increase to pass that off to the tenants?
Yes it would be considered a rent increase and subject to the 5% limit. Utilities are are considered to be part of the ârentâ in HB1217. Utilities to include water, sewer and garbage if those are included in your currently effective leases. Obviously electricity is not part of the equation