I've had a look online and I know I can query the increase amount. Firstly I just want some perspective of whether this is a reasonable increase.
In May our lease expired and we were offered another 12 months, we declined but suggested we take 6 months. We were told the owner was fine with month-to-month and there were no plans to increase the rent.
Fast forward to today and we have been advised of an increase of $50pw (they have given 60 days notice).
This is an increase of about 8%. A quick google search tells me CPI on housing is up 3.9% in the last year, so to me that would be a reasonable increase, 5% would seem a little high but I would probably suck it up. So my question is should I challenge them on the amount? Any of you in RE know if this would get me anywhere?
At the end of the day we don't really want to move, the saving of moving to would easily to sucked up on a move it's self. I just feel like I'm been taken for a mug.