rich_taira
New Member
I live in an apartment in San Ramon, California. As my current lease agreement is expiring on 4/3/2002, I requested the landlord to inform me of the new rent under the renewed lease presumably effective 4/4/02 onwards. I am glad to learn that the new monthly rent is lower than the existing rent, but the landlord is saying that the new rent is applicable on 5/1/02. I see this a little strange because there is no such stipulation in the lease agreement, thus I believe the new rent should be applicable on 4/4/02 and April rent should be calculated on a daily pro-rata basis with the current rent applicable to 4/3/02 and the new rent applicable thereafter. I suspect that the landlord (which is a NY Stock Exchange listed corporation) is trying to stretch the term so that they can enjoy the existing higher rent continuing to be applied until the end of April???. Is this legal? Or Does the landlord have any reasonable/justifiable reason to do so??
I'd appreciate your comments/thoughts.
I'd appreciate your comments/thoughts.