Rent Adjustments
Understanding Changes to Your Rent
At Sanford Systems, we value great tenants and aim to make the rent adjustment process clear and fair. Here’s what you need to know:
Will Your Rent Increase?
Yes, but only under specific circumstances:- During Your Lease: Your rent will not increase during your initial two-year lease agreement.
- Lease Renewal: When your lease is up for renewal, rent adjustments are typically based on inflation. You’ll have the option to extend your lease for 1 or 2 more years at the adjusted rate.
Opportunities Beyond Renting
For tenants living in single-family residences, you may also be given the opportunity to purchase the property. You’ll always have the first right of refusal if we decide to sell.Fair Adjustments
Our goal is to keep rent aligned with economic conditions:- Inflation: Rent increases ensure we keep up with inflation and maintain our properties.
- Economic Downturn: In cases of economic hardship, such as a depression, we may reduce rent to retain our valued tenants.
Have questions? Get in touch.