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CalAttorney2, Attorney
Category: Landlord-Tenant
Satisfied Customers: 10244
Experience:  I am a civil litigation attorney with experience representing both landlords and tenants in residential and commercial property disputes.
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Can I change a rental rate before the person has rented?

Customer Question

Can I change a rental rate before the person has rented?
Submitted: 2 years ago.
Category: Landlord-Tenant
Expert:  CalAttorney2 replied 2 years ago.
If they have already signed a rental agreement, you are bound by the rate agreed on in the contract.If there is no formal contract, you may be able to change the rate as there is not a contract formed between the two of you, but be very careful, an advertising error that you have quoted and a potential tenant "accepts" is going to place you at risk of a claim of false advertisement (this is a 'unilateral mistake' as opposed to a 'mutual mistake' and you are opening yourself up to a potential lawsuit).