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<p class="MsoNormal"><span style="color:black">The problem I have is that the lease states that the rent will increase $100 a month at the end of the term. Then it mentions the YieldStar. Tenants don’t know what it is or that the rent could go more than $100.
I think it is misleading. If there was no mention of the $100 increase in the lease I think the YieldStar would be ok. I don’t think there is a meeting of the minds at this point, (the lease does not state subject to change).
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">As far as what is wrong with it, Probably nothing wrong with the program but there will be people that will use it to manipulate the market especially if the numbers are calculated using the owners’ own properties
to calculate the rent.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;color:black">Leonard P. Cabral<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;color:black">Leonardcabral@lenslaw.com<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> landten-bounces@lists.flabarrpptl.org [mailto:landten-bounces@lists.flabarrpptl.org]
<b>On Behalf Of </b>Harry Heist<br>
<b>Sent:</b> Tuesday, October 27, 2015 7:40 AM<br>
<b>To:</b> 'RPPTL Landlord Tenant Committee' <landten@lists.flabarrpptl.org><br>
<b>Subject:</b> Re: [RPPTL LandTen] YieldStar<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">It is a company that helps apartment communities determine rents like airlines determine fares based on supply/demand etc.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">There is nothing wrong with raising the rent on renewals or month to month.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Harry<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:#1F497D">LAW OFFICES OF
<br>
HEIST, WEISSE & WOLK P.A.<br>
PH: 1 800 253 8428<br>
FAX: 1 800 367 9038<br>
"Serving the Property Management Professional"<br>
Website: </span></b><a href="http://www.evict.com/"><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif">www.evict.com</span></b></a><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:#1F497D">
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Email: </span></b><a href="mailto:harry@evict.com"><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif">harry@evict.com</span></b></a><b><span style="font-size:11.0pt;font-family:"Arial",sans-serif;color:#1F497D"><o:p></o:p></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">
</span><a href="mailto:landten-bounces@lists.flabarrpptl.org"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">landten-bounces@lists.flabarrpptl.org</span></a><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif"> [</span><a href="mailto:landten-bounces@lists.flabarrpptl.org"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">mailto:landten-bounces@lists.flabarrpptl.org</span></a><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">]
<b>On Behalf Of </b>Leonard Cabral<br>
<b>Sent:</b> Tuesday, October 27, 2015 5:43 AM<br>
<b>To:</b> RPPTL Landlord Tenant Committee<br>
<b>Subject:</b> [RPPTL LandTen] YieldStar<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">Has anyone heard of YieldStar?
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">I have a client who has a lease that renews at the end of the term as a month to month with a $100 increase in rent or the YieldStar calculation.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> </span><span style="font-size:14.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">If the YieldStar calculation for renewal enforceable?
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">Client has no idea what YieldStar is and was told her rent is going up almost $300 because of the YieldStar calculation.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">I think there is another company called Goldstar.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> </span><span style="font-size:14.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><i>Leonard P. Cabral, Esq.</i><span style="font-size:14.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal">212 North Park Ave., <span style="font-size:14.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal">Sanford, FL 32771<span style="font-size:14.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal"><a href="mailto:Leonardcabral@lenslaw.com">Leonardcabral@lenslaw.com</a><span style="font-size:14.0pt"><o:p></o:p></span></p>
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<p class="MsoNormal">(407)330-4998<span style="font-size:14.0pt"><o:p></o:p></span></p>
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