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Incentive to look elsewhere.

Hi Fish83.

You mentioned try to raise the rent,,,,,, have they? This is the Philippines and all is negotiable and when not simply find another seller or as Cliff mentioned move on.

Rents rise, prices rise, my experience nothing ever become cheaper.

Good luck.

Cheers, Steve.

Move on, they are going to have to find a new tenant and lose out on rent for a while until they find the new tenant.

Why do they try to raise rent by 10%? - @Fish83

Because they can.

All prices increase. To keep up with the cost of running a rental property, landlords need to increase their prices too.

There is a residential rent control law that the annual increase cannot be more than 2.3%. Units with rents exceeding PHP10,000 ($171) per month are exempted from this restriction.

Why do they try to raise rent by 10%? - @Fish83

When was the last increase, or, how long has your rent stayed at current rate?

@danfinn

This is my first year at this place

@Jackson4

Cool story bro 😎

The owner has never been to visit this place and nobody else has been here for any reason, ever. Also, I pay the dues. I pay everything and the owner has zero costs. I'm sure they pay the realtor if the realtor ever has to do anything but in a year I've taken care of everything. So, there's no cost for the owner..zero.

@Fish83

White mans tax not necessarily from the owner but potentially the agent lining their own pockets?

Have you ever met or dealt with the owners? 10% is a big jump and one has to question/fight for why.

As others have said perhaps time to move onto greener pastures and let them find another tenant and the loss of rent in the interim, Who knows you may find something better and cheaper?

Good luck Fish.

Cheers, Steve.

@danfinn
This is my first year at this place - @Fish83

Well in that case you can already see how the land lies. If your a foreigner they are going to try to screw you for every dime you've got because they assume that you don't know Philippines law with regard to rent and rent increases and they also assume that you will simply pay up.

@FindlayMacD

10% this year....... maybe 15% next year and 20% the year after that, remember they think all foreigners are so rich that they won't even notice

@Fish83 if you like the place offer to pay them 2.3% more per PI law. If not tell them to pound sand and move out. Forget trying to get any deposits back. That’s not going to happen!