Bait and Switch Rent Decrease?

NEW -> Contingent Buyer Assistance Program
Wanted to get your opinions on this...



we've been at the same IAC for two years now. Our lease ends in less than 60 days and I didn't even get the renewal letter/rate until I had called three times. Anyway, I currently pay 1570 for a junior 1 bedroom. The manager calls me and says that with our 3% longevity discount, our rent has been decreased to 1440. Sounded like a good deal until I did the math. 1440 with 3% off puts the market rate at 1485. When I check the website, the market rate for our JUNIOR bedroom is somehow higher than all of the other one bedrooms (1425-1460). How could that be?? So I called her back and explained the situation, which she responded that our plan is considered "upgraded" and it's just that popular. It doesn't even have a balcony or a bedroom door, how is that UPGRADED. To me, thats like, advertising something 50% off when they really had raised the original price 25%. So you're not really saving 50%, just 25%. Anyway, just seems OFF to me that a bigger apartment WITHOUT the longevity discount is cheaper (1425 vs 1440). Of course they cant apply the 3% to any other apartment, just ours.



I almost just want to move because I feel like I'm being scrwed over.



What do you guys think?
 
Just the cost of moving is more than the extra rent you may pay.

also the difference is what... $15. That's like a bar tab for just a few drinks. You can't get go to a restraunt and pay for dinner with that.

-bix
 
[quote author="mk9" date=1233399193]Wanted to get your opinions on this...



we've been at the same IAC for two years now. Our lease ends in less than 60 days and I didn't even get the renewal letter/rate until I had called three times. Anyway, I currently pay 1570 for a junior 1 bedroom. The manager calls me and says that with our 3% longevity discount, our rent has been decreased to 1440. Sounded like a good deal until I did the math. 1440 with 3% off puts the market rate at 1485. When I check the website, the market rate for our JUNIOR bedroom is somehow higher than all of the other one bedrooms (1425-1460). How could that be?? So I called her back and explained the situation, which she responded that our plan is considered "upgraded" and it's just that popular. It doesn't even have a balcony or a bedroom door, how is that UPGRADED. To me, thats like, advertising something 50% off when they really had raised the original price 25%. So you're not really saving 50%, just 25%. Anyway, just seems OFF to me that a bigger apartment WITHOUT the longevity discount is cheaper (1425 vs 1440). Of course they cant apply the 3% to any other apartment, just ours.



I almost just want to move because I feel like I'm being scrwed over.



What do you guys think?</blockquote>


this is not bait and switch. they tell you want your new rent is... it's not that they tell you your rent is 1200 and than send you a letter saying it's 1500... that's bait and switch...



are you sure location is not better in regrads to traffic noise etc... ? and if you want to move for $15 a months... painting cleaning etc... go right ahead the IAC is gonna laugh their behind off
 
One friend had a similar issue. The manager said they had a "View" unit. Yeah right...he's in the middle of the IAC unit and has a nice parking view...



Would someone working from IAC share their "excuse" book used to abuse IAC renters?
 
Beware when you renew your contract with the IAC.

They WILL bait and switch with the new and improved Lease Break fees.

They just dont mention it when you renew the lease.

Thats what happens when you assume you are renewing the same lease.

READ THE ENTIRE LEASE and The Amendments very carefully. In fact take them home

and sign it. Then make a copy and bring it back to them the next day.

Double check EVERYTHING.
 
[quote author="flmgrip" date=1233632779]

and if you want to move for $15 a months... painting cleaning etc... go right ahead the IAC is gonna laugh their behind off</blockquote>


it's not that we would switch apts for $15 a month...its the fact that even without the 3% discount (or any discount for that matter), the bigger apartments are still cheaper than our jr. plus painting would be a non-issue because it's been 2 years and they auto repaint after 2 years



anyway thanks for everyone's input! still havent decided what to do, will prob jus stay and ask for a shorter lease term.
 
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