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In the world of real estate, rent increases are a common concern for tenants. This is particularly true for those renting from property management groups like Meridian. Many tenants have been questioning the annual rent increase policy of the Meridian Group, with some suspecting that the company may be taking advantage of market conditions and rent control laws to maximize profits.
Answers from Social Media
In a recent discussion on Reddit, tenants shared their personal experiences with Meridian’s rent increase policy. Some tenants expressed dissatisfaction, stating that landlords are heavily incentivized to increase rents by the maximum amount each year due to rent control laws. They pointed out that it’s becoming increasingly difficult to evict a tenant and raise rents to market value, leading to a “use it or lose it” mentality among landlords…