Folster

I live in an apartment in Glendale and new management took over recently. My neighbor's lease expired and they just found out that management is going to increase their monthly rent by $150. My lease expires later this year.

Does Arizona have any rent control laws or regulations? Is there a max or min percentage that the rate can be raised? $150 would be a 25% increase for me. Any info or resources would be helpful.

Thanks, Kyle

Ryanwb

http://www.supreme.state.az.us/info/...s/landlord.htm

There is not specific verbage against this action........ My advice would be to talk to the new landlords and get an idea of what your rent will increase to. Most of the time they will reward loyal renters especially if you commit to a long term lease

Dback Jon

In general no - you are screwed - it is called a free market - capitalism at its finest. Rent Controls/renter's rights are only found in socialist societies.

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NEZCardsfan

Exactly, this is supply and demand. Glendale will no longer be a cow town. Expect the prices to rise up steadily. Same thing happened down in the Chandler/Ocotillo area. It sucks a little bit at first to pay more, but it is well worth it in what it does to property values. Renting though, that sucks.

Russ Smith

I had rent control for nearly 10 years in California. I lived in San Jose but it was Cupertino all around me, San Jose had rent control, Cupertino doesn't. So every year my rent went up a fixed % and for several years I was paying less than what a person off the street would pay. Then the housing market exploded, the stock market crashed, and as a result people were moving into houses as investments and vacancy exploded. So rents came down to where I was paying MORE than people off the street(after 10 years there). When I asked for a rent decrease I was told "you didn't complain when you were paying less".

I guess they had a point but the only reason I was paying less is the law mandated my increase, it wasn't that they were being nice to me at all. So I wound up moving. They hadn't really done any upgrades the whole time I'd been there and it's been 2 years since I moved and they still haven't built the rec room or fitness center they were promising people so I felt I made the right move.

But I do agree now, rent control is not a good thing, it's only helpful in a stable market, when things are fluctuating wildly it's a bad idea.

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Folster

I figured as much. I am a free market guy and don't believe in rent control, but I thought if there was a law in place that I would take advantage of it and save some cash. I thought there was at least a max percentage they could raise it. Oh well. Maybe it's time to get into a house now that the market has cooled off.