TAMPA, Fla. — What’s the worth of paradaise? It’s the query Erika Belezarian is asking proper now.
Belezarian moved to Tampa final October, selecting to settle in at Society Westshore. Her condominium lately instructed her if she decides to keep one other yr, it’s going to price 45% extra.
“I think that it’s a little bit unconscionable. We are experiencing such insane inflation right now and are on the brink of a recession. So for apartment ownership in the city of Tampa to be asking people to pay this amount of an increase, because I know it’s not unique to me, it’s not unique to my building. It feels really wrong,” Belezarian mentioned.
When she moved in, her base rent was $1,937. If she indicators on for a second yr, she’ll have to pay $2,821.
She says the condominium advanced despatched the letter properly earlier than its 60-day discover. She was anticipating the letter in mid-August, not early July.
“So to get this letter in July, making it sound like a really great offer that I need to let them know by the middle of the month about this $884 rent increase was kind of shocking,” mentioned Belezarian.
ABC Action reached out to Society Westshore concerning the rent will increase. The advanced declined to remark.
“There is nothing in the renewal letter that says whether they’re making any sort of improvements or offering new services here. It’s really just a market increase is what they’re calling it,” Belezarian added. “So if that were the case, for this large rental increase, then I would love that to be communicated so that we could know where our money was going.”
There are choices for all renters who’re feeling the identical shock as Belezarian, no matter their condominium advanced.
You can negotiate your rent together with your landlord. Tampa-based tenant/landlord attorneys say the most effective concept is to analysis comparable flats or homes in your space, put your findings right into a letter, and ensure you negotiate earlier than your lease is up.
That’s what Belezarian plans to do. “I’m hoping to negotiate it to something that works for both of us. And if we can’t, then I’ll find somewhere else in the city to live,” she mentioned.
