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Old 18.03.2017, 18:54
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Re: Raising Rent from long term Locataires

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They are only liable for the last 5 years, they probably know this, so asking for 25 won't go down well in court as your being greedy & not following the rules.
haha thanks, don't worry, I wouldn't ask for the past 25 years....I wasn't involved then. My grandmother had usufruit of the house until she passed, and her daughter, my mom, who is the actual inheritor, died at an early age of 38 years old, when I was 9 years old.

I am not looking to be unfair with the tenants BTW. I have been more then fair and so has my family
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  #42  
Old 18.03.2017, 19:06
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Re: Raising Rent from long term Locataires

If you know as little about renting as you seem to, go spend a thousand bucks for a few hours with a lawyer. It will be money well spent, and you will realize options you didn't know you had.

Also, don't listen to everything you read on the Internet. Some people here will post authoritatively despite having no actual knowledge, misinterpret their own experiences, etc. Seriously, lawyer up.
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  #43  
Old 18.03.2017, 19:12
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Re: Raising Rent from long term Locataires

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If you know as little about renting as you seem to, go spend a thousand bucks for a few hours with a lawyer. It will be money well spent, and you will realize options you didn't know you had.

Also, don't listen to everything you read on the Internet. Some people here will post authoritatively despite having no actual knowledge, misinterpret their own experiences, etc. Seriously, lawyer up.
I know about renting in the UK, I am a renter.

Yes, a thousand bucks is a massive sum for me. But seems I have no choice....
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  #44  
Old 18.03.2017, 19:22
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Re: Raising Rent from long term Locataires

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I am not looking to be unfair with the tenants BTW. I have been more then fair and so has my family
From what you have written about the tenants' demands they have no intention of being fair with you. Their demands will likely only get worse, especially if you move in next door.

You are a landlord, this is a business, nothing more. Lawyer up.

---

Honestly, were it me I'd simply sell.
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  #45  
Old 18.03.2017, 19:34
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Re: Raising Rent from long term Locataires

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From what you have written about the tenants' demands they have no intention of being fair with you. Their demands will likely only get worse, especially if you move in next door.

You are a landlord, this is a business, nothing more. Lawyer up.

---

Honestly, were it me I'd simply sell.
haha thanks, no I can't personally afford to live in Geneva! I will be renting out the renovated unit hopefully next month or so.

I will look at Pic-Vert as was mentioned in an earlier post to see how they can help me better this situation, and I have spoken to real estates that I might pass the existing tenants side over to them also. The tenants have already tried to talk me out of this as they know what is waiting for them if a person that knows the market takes over their contract. They have tried very hard to talk me out of getting a Regie telling me it would only be worse for me (scare-mongering). But I understand it will only be worse for them.

Selling is hard also because I can't legally kick them out for years and years even if I want to sell, and selling with tenants, I've been told, isn't always a great thing to do.

The house also has sentimental value.

Anyways, thanks for all the opinions,
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Old 18.03.2017, 19:36
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Re: Raising Rent from long term Locataires

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If you know as little about renting as you seem to, go spend a thousand bucks for a few hours with a lawyer. It will be money well spent, and you will realize options you didn't know you had.
A simple consultation doesn't cost nearly that much, don't talk nonsense. Just ask for the cost upfront and make sure lawyer's aware that you're on a budget, and not a walking ATM. Better yet, join HEV/CGI and call their free legal hotline for an initial consultation and on other simple questions you might have.

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Selling is hard also because I can't legally kick them out for years and years even if I want to sell, and selling with tenants, I've been told, isn't always a great thing to do.
It doesn't hurt to put out an ad. Underpaying tenants are definitely not a plus, but somebody might want to buy it nonetheless if the price is right. And then it's the buyer's headache to get rid of your tenants.
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