1/3/25
Bad Faith Rent Practices
Unfortunately, after 4 years the latest management company is now engaging in completely unreasonable rent practices. Last year, they offered a renewal at a 40% increase. Nothing about the property has been improved, mind you. We were able to negotiate a 20% increase, (at the absolute boundary of reasonable).
One year later, they have now offered another 20% increase less than 30 days before the end of our lease, (we only received this offer after asking the office twice why we had not yet... received a new offer). 40% over 2 years is insanity. The average rent increase in Illinois in 2024 was 5%.
It's sad they treat long-term tenants this way. Nice property, but it's becoming clear there is no relationship between tenant and management. I hope to come to a reasonable compromise, but that's up to them at this point.
Reseña de Apartments.com
Administrador de la propiedad en The Hinsdale respondió a esta revisión
We apologize for any frustration caused by the recent rent increases. Please understand that market conditions, property value, and area demands significantly contribute towards rental rate adjustments. We highly appreciate your patience and... understanding during these times of financial fluctuation. We would be more than happy to discuss this with you further, and explore options on your lease renewal terms to find a solution that best suits us all. Your satisfaction as a long-term resident is exceedingly important to us.
