- Joined
- Mar 29, 2014
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To put it in another perspective, you own a house that's not in-demand at all and you decide to rent that house to a tennant for $400 a month on a 4 year lease agreement. After 3 years, the person who owns an identical house next to yours becomes available and they sign a tennant to a 5 year lease for $900 a month, because there's now high demand for that house. You know you could get $900 a month for your house too, but you still have a lease agreement with your original tennant for $400 a month. You can't go to your tennant and demand that they start paying $900 a month too because "the house is worth that." You have to honor your agreement with them. After their lease is over, you can demand $900 a month from them or anyone else interested in moving in. But you can't do it in the middle of the contract...