114 MONTH RENT INCREASE CLAUSE

Here is a copy of one of the 35 pages of our 10 year rental/lease contract. Click on it to enlarge and read the bracketed part. This is the clause that allowed our park to inform a resident that his rent would increase by approximately $355.00 per month. I have been informed that his rent was $895.00 per month and would be increasing to around $1250.00 per month. If this is correct, by reading the above clause means at least one resident is paying over $1250.00 per month lot space here.

Well here's the good news. (tic) The management has recognized his hardship and told him they would reduce his rent to $800.00 per month if he would sign another 10 year lease agreement. He did. What a sad predicament for any of us to be in.