My mom moved into a assisted living residence in mid-aug. and they are already raising the rent 4% They gave her a great price in August to get her in [very rushed 'deal'] and we agreed. Now I am worried we will not be able to afford it. This is so unfair to my mother who likes it and maybe has to move so soon.
BTW, 4-5% is a pretty typical annual increase. I always try to tell people that during a tour. I'm surprised that it's a pretty infrequent question.
My Mom's rent was raised and I wrote an email to the executive director saying she couldn't afford the raise, stock market down, etc. and they froze her rent for the year. I was told they will usually do this for the first few people that ask so you should request this as soon as you hear about the raise, good luck
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