Can a new Owner of the Hotel we live in, raise the rates from $490 a month to $1800 a month?
Hotel Rates
Iylenas asked:
New owners bought the Hotel we live in, and after July 19th, the rates are going up $40 a night, on top of what we are already paying. We pay $490 a month right now. We have lived here for over 6 months. Anyone know laws/ rules on this? Any help is appreciated. Thanks everyone.
Jean
New owners bought the Hotel we live in, and after July 19th, the rates are going up $40 a night, on top of what we are already paying. We pay $490 a month right now. We have lived here for over 6 months. Anyone know laws/ rules on this? Any help is appreciated. Thanks everyone.
Jean
October 19th, 2008 at 3:24 pm
I think it may depend on the state. You said hotel, so I assume that you must rent it weekly or monthly but you have no lease?
If you have no lease, they can raise it. If it were an apartment I think it may be different-meaning that when your lease was renewed, the rate would change.
I’m no real estate guru.
October 22nd, 2008 at 8:12 pm
yea they can but i dont think by that much thats just way to much especialy at a hotel
October 25th, 2008 at 1:45 pm
They can raise them, if you have no lease. Sounds like they are giving you time to find another place.
October 26th, 2008 at 8:00 pm
New owners means new contract. They can change it however they want. Now, if you are in a lease agreement, they should honor the old lease, but they don’t have to, since they now own the place.
October 28th, 2008 at 9:03 pm
tenancy is tenancy; if you have no lease,
or other written agreement, the owners needs
to give you a 30 day written notice and
he can raise the rate to anything he wishes.
Why so long in a hotel-motel?
YOU can GET A SMALL 1 bed apt for that
rate, or maybe even a condo you can buy.
October 30th, 2008 at 11:33 pm
hello, i am unsure on how to send you an e-mail to thank you for your advices.i hope that you will be able to see my message throught this way too. thank you!