How a 10 Percent Rent Increase Became 20 Percent in Under a Month

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How a 10 Percent Rent Increase Became 20 Percent in Under a Month
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Rent hikes aren't a surprise these days. But twice in a month?

Anna and Michael Slaven moved into thein Broomfield sight unseen in the fall of 2021. Michael had just gotten a new job at a local UPS store, and after living in Oklahoma, the couple was shocked at how hard it was to find a place to live in Colorado.

Still, in May, when the couple was told that their rent would increase 10 percent and they were given thirty days to decide if they wanted to renew the lease at that rate, they decided that they would. The Slavens thought they would have a hard time cobbling together another security deposit and the first month's rent at a new spot, since they live paycheck-to-paycheck.

“We called the office and we were like, this is just a clerical error,” Anna says. “You guys didn't say anything to us about that. You guys didn't call us and say, ‘Hey, we're missing a signature on the lease.’”

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