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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: NOW who wrote (46109)	2/8/2006 5:22:14 PM
From: mishedlo	Read Replies (2) of 116555

Apartment owners: Get out or rent doubles heraldtribune.com As more complexes convert to condos, renters are left in the lurch. By MICHAEL BRAGA michael.braga@heraldtribune.com SARASOTA -- A letter from the new owners of the Three Fountains Apartments has tenants, many of them elderly and disabled, panicked. The way they read it, residents of the Webber Street apartments must agree to a doubling of their rent -- from about $750 to $1,600 a month -- or move out by March 1. The letter offers no way to contact the new owners except by mail and no one associated with the complex is offering further illumination. ======================================= Totally disgusting and probably illegal You can not terminate a lease at will (unless there was a provision in the lease that stipulates so, and in this case I doubt it).

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