Notice of rent increase is a repeating news for renters since price spikes have been happening.
Rent prices are going up while renters are finding ways to keep up. (Photo: RPM Phoenix Valley)
Notice Of Rent Increase: Effective Immediately
Notice of rent increase news may just be what renters receive on a constant basis. With prices for daily amenities are going up, it is no shock that notice of rent increase are being produced by landlords.
Notice of rent increase have been announced for a while now. It is said that the rent has doubled compared to pre-COVID times in which notice of rent increase is a timely event for renters and landlords.
The housing market is also not doing good, which can be a factor for the announcements of notice of rent increase. Inflation, as well as the lack of affordable housing is also factors for the notice of rent increase in many place.
According to a published article by The Star, notice of rent increase may also be due to landlords selling off their properties. In Cleveland County, rents have doubled up and notice of rent increase is now a no shocker news for the renters. Renters has also been actively seeking help in order to meet these necessary bills.
28% Increase In Rental Prices Since 2020
In a published article by WCNC, North Carolina’s prices for rent have been increasing since the year of 2020 where it was the peak of COVID-19 pandemic. It is said that individuals living in North Carolina are at least paying a 28% more price rent than the previous years.
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