David acquired a property with a tenant who has a lease specifying a
$1,200
monthly rent. David believes the market rate is
$1,500
. What should David do?
?
Inform the tenant of the rent increase to
$1,500
effective immediately
?
Negotiate a gradual rent increase with the tenant
?
Offer the tenant a new lease with a
$1,500
monthly rent
?
Continue to charge
$1,200
until the lesse expires

Question

David acquired a property with a tenant who has a lease specifying a

$1,200

monthly rent. David believes the market rate is

$1,500

. What should David do?

?

Inform the tenant of the rent increase to

$1,500

effective immediately

?

Negotiate a gradual rent increase with the tenant

?

Offer the tenant a new lease with a

$1,500

monthly rent

?

Continue to charge

$1,200

until the lesse expires

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