The landlords would raise the rent due the cost of living , why don't they decrease it when it's the opposite

It is unfare not to get a break when everything goes down to negative and not to have your rent decreased the same way when the times were good and the landlords were able to increase your Rents(even ifyou have A longer term lease but the incrrase would apply on your annual lease )due to the cost of rent in the good old days before Iclose my business.
Isn't there any law that also can be used infavour of the Tenants in these cases when the things are the other way around for the Landlords?
It shouldn't be only favorable for the Greedy landlords , while they even prefer to keep the properties vacant to beable to write off as a loss from their income which could also be manupilated by the Landlords by showing much higher rates other then what the tennants were paying?
How in the world the law can allow such an Unfare situation against the Tennants who try to survive and pay the big economic burdens,
In General Area - Asked by Yeto K. - Jul 25, 2009
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Answer(s)

Mel S.
Altamonte Springs, FL

There are many factors impacting this hot bed of a subject. One reason is due to the fact that since 2005 the taxes and insurances have gone up tremendously. I have one "Vacant land parcel in Volusia County Florida, that taxes went from $675 per year to $7300. This is excessive. My office building in Seminole county also went up approximatley 35%.
Obvioulsy, this would not apply in a T net lease but definitly impacts us all directly as well as indirectly.
In many of my properties we have done as you suggested and made concessions to help and work with our tenents.
Maybe our congress should take a pya cut for all their screwups instead of giving themselves a raise last year.
Mel Stevens Jr.
Security Financial

Jul 25, 2009
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Davide P.
Broker/Agent
Pinole, CA

Although I see your point, I don’t believe you are looking at it from the opposite end as well. Over time, nothing goes down in cost of living. Property taxes, insurance, electricity, water, repairs, labor costs, etc. The only thing that can go down temporarily in some states is taxes (and not by much). In regards to residential rental increases, many places do in fact have restrictions. Commercial leases however do not have restrictions on increasing rent. I would agree that it is unfair to kick a tenant living in a property out because they can't pay an additional 5-10% a year; however with a business you are given all conditions up front before signing a lease. You take a risk on running your own business but there could be a huge payoff.
I would disagree that landlords want to have vacant space and take a loss instead of renting it. Most intelligent landlords will realize it's better to have it vacant for a short time period and then get the market rent rather than just take anything to fill the space - especially with a long term lease. Imagine selling your home for dirt cheap instead of waiting another year and getting a market value when all the housing mess comes to be semi-normal.
Also, in regards to the law being unfair against tenants again put yourself in the landlord shoes. It's THEIR property, why would they be obligated to change something that's in writing? How upset would you be if the government told you what you can or can’t do with your property/home? If you rent out your home and tell the tenant he/she has to pay an additional $50/month rent just like a lease says and they don't want to, would you just let them have their way? What about if they don't want to pay something else again later on? Ultimately, it is YOUR home, NOT theirs.

Jul 25, 2009
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