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In my current lease I have an option for another 12 months which can be charged at market rate. My question is who determines the market rate? My landlord has decide to increase the rent by %50,do I have any option of Appeal to a body or mediation
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1 Answer

Andy Tan
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Dear Concerned,

As Frankie has pointed out the market rate at any moment is determined by the $ tenants are willing to offer at that given moment. I understand u are not happy with the fact your landlord is increasing your rental by 50% but trying to get an institution to help is too time consuming. You may try to negotiate with current landlord or I suggest, get another unit. You'll be suprised what is out there. Call me at 81807111  , I can help. Andy. Read More
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