Can a landlord apply a banked rent increase for years when I was on fixed-term lease?
My current lease ended in Jan, at which point it converted to MTM. The landlord last raised the rent ~2 years ago.
I received notice this month that they will raise my rent increase 30 days.
When calculating the allowed rent increase, are they allowed to use “banked” rates from the time during my fixed-term lease? Or is it only the current allowable rate (1.6%) that applies?