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CORRESPONDENCE - 65A
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CORRESPONDENCE - 65A
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6/19/2019 10:24:33 AM
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City Clerk
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65A
Date
5/21/2019
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Long Term Leases Address Future Rent Increases <br />We realize everyone is concerned about future rent increases. It is for this reason that we are <br />working on long term lease agreements that provide every resident with the amount of future <br />rent increases. We look forward to sharing this option with you in the near future. <br />Frequently Asked Questions (FAA's) <br />Q Are you going to withdraw the noticed rent increase? <br />A No, we are not withdrawing the rent increase. It is a fair and reasonable approach for all <br />residents. <br />Q Can the City Council stop the noticed rent increase? <br />A No. The notice is a legal notice that is binding and will go into effect on June 1, 2019. <br />Q There is a rumor that you want to buy my home. Is that true? <br />A There could be nothing further from the truth. We do not want to purchase or own any <br />homes in the Park. Our business is providing you with a nice site for your home with <br />services and amenities. <br />Q What if 1 have a suggestion regarding park operations? <br />A We want to hear your suggestions! The office has a Suggestion Form for you to <br />complete and submit. <br />Q I am aware that the rents at Bali Hi are lower than almost every other park in the region. <br />I am worried about future rent increases. How should I plan? <br />A You are correct, the rent at Bali Hi is lower than most parks. Moving forward there will <br />be annual rent increases. The goal of offering long term leases will provide you with a <br />guideline for future increases. <br />Q I hear that people are being forced out of the park, but there are no homes up for sale. If <br />I want to sell my home, what will the rent be to the new buyer? <br />A Indeed, it is not true that homes are for sale in the park. However, when it is time for <br />someone to move the rent to the new resident will be provided. Currently the rent to a <br />new purchaser is $1,100 a month. <br />The way we communicate with others and ourselves <br />ultimately determines the quality of our lives" <br />Anthony Robbins <br />
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