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Old 05-15-2014, 03:19 PM   #5
photon
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Join Date: Oct 2001
Location: Calgary
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Quote:
Originally Posted by YYC in LAX View Post
We are paying $2100/month, however they have it listed at $2500/month. Are they entitled to do that? I'm fairly confident they will get it rented in this market but I just wanted to see if they are in breach of any rules. The house next door just rented for $2500/month so the number is certainly reasonable.
They're free to advertise it for whatever they think the market value is no?

They have to make a reasonable effort so if the market was $2500 and they were charging $5000 with the intent to not have it rent so they could stick it to you or not have to worry about it for a while, then you could probably complain to someone to try and make a case that they're not making a reasonable effort, but if it's within the market then I don't see what the problem would be.

EDIT: Congratz on the purchase!
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