Viewing a single comment thread. View all comments

Gloomy-Pattern-3302 t1_jaby6su wrote

There is no rent control in Virginia. Therefore, there is no limit on rent increases a landlord can impose, but they must give a 30-day written notice of the increase.

I live in a huge 3 bdrm/3bath loft downtown for $1512. Its in my lease that they cant increase for 3 years. The 1 bdrm across the street is $1700. I cant imagine moving in these times. You're lucky its only $100. Ive seen up to 30% increases with no amenity changes.

133

Gothmom85 t1_jacl16u wrote

You've gotten an absolute Steal

50

fusion260 t1_jad4f18 wrote

Yeah, same.

I leased a gorgeous 1,850 sq. ft. 2/2 loft in Shockoe Bottom, with a balcony, and included private off-street parking, and private gym for $1,505/mo. from 2012-2014. That same exact unit is going for around $2,100/mo. now.

A huge 3/3 loft for $1,512/mo. that won't increase for 3 years is ludicrous to me.

10

augie_wartooth t1_jaeounm wrote

I feel like this place must be in an area where no one wants to live, or else that rent would be $500-700 higher. The only way the rent is that low is if they couldn’t rent it for more.

3