Has anyone had any training on what is happening here? I read somewhere that if we raise rents now, they will have to go back to a lower amount next year, does anyone know if I should just keep business as usual or change to 5% now?
Any rent increases after March 15, 2019 count towards the 5%. For example, if you did an 8% increase in July, 5 % will be allowed, the other 3%. Would have to be rolled back. You will not be penalized, and you do not have to refund rents for the months 5hat you were over. Hopefully that makes sense.
