No, KUMMUNI has a clear policy regarding rent increases, particularly when it comes to extending your lease. Here’s what you need to know:
KUMMUNI’s Policy on Rent Increases During Extensions #
- No Automatic Rent Increases:
KUMMUNI typically does not increase rent during the extension of your lease. We understand the challenges tenants face, especially in competitive housing markets, and believe in providing stability. Our policy aims to avoid putting tenants in difficult situations, particularly when finding a new place might be challenging. - Exceptions to the Policy:
There are specific situations where a rent increase may occur:- Property Owner Increases Rent: If the owner of the property decides to increase the rent, this increase may be passed on to you. However, this is not initiated by KUMMUNI but rather by the property owner.
- Increase in Utility Costs: If there is a significant increase in utility costs, this might also necessitate a rent adjustment to cover these additional expenses.
- Two-Year Stability:
If you have been living with KUMMUNI in the same apartment for less than two years, your rent will not be increased during this period. This policy is designed to provide tenants with peace of mind and financial stability. - Notice Period for Rent Increases:
Any rent increase, when applicable, will be communicated to you with a 2 to 3 months’ notice. This notice period is intended to give you sufficient time to adjust to the change. Additionally, all rent increments will be reasonable and in line with market conditions.