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  1. #1
    Join Date
    May 2010
    Posts
    10

    Default Are There Limits on Rent Increases in Florida

    My question involves landlord-tenant law in the State of: Florida

    We have been given our annual lease renewal options which include a 19% increase as the cheapest option on the 11 month renewal. I always thought there were limits to how much our rent could be raised on a lease renewal?
    Secondly, they are requiring renters insurance, at a minimum, providing for limits of liability to third parties in an amount of no less than 100K per occurrence.
    I've heard of the requirement for renters insurance which is quite common, but where do they get the "liability to third parties of no less than 100K per occurrence"? There's no way our apartment has a value of that as if sold as a condo (940 sf.), I'll guess it probably couldn't fetch more than 60K. Are they trying to get the tenants to cover insurance they would otherwise have to carry themselves and is this legal?
    All I am familiar with is renters insurance to cover our own personal belongings etc....

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Are There Limits on Rent Increases in Florida

    Quote Quoting abanikko
    View Post

    We have been given our annual lease renewal options which include a 19% increase as the cheapest option on the 11 month renewal. I always thought there were limits to how much our rent could be raised on a lease renewal?
    Nope. There are no rent control laws in Florida. The sky's the limit.

    Quote Quoting abanikko
    View Post
    Secondly, they are requiring renters insurance, at a minimum, providing for limits of liability to third parties in an amount of no less than 100K per occurrence.
    I've heard of the requirement for renters insurance which is quite common, but where do they get the "liability to third parties of no less than 100K per occurrence"?
    Renters insurance (also known as Tenants' Homeowners Form HO-4) has two parts.

    The first part covers your personal property.

    The second part covers your liability for negligent injury or property damage to others (third parties).

    Here's a sample of the main policy booklet (read it):

    http://www.mullerinsurance.com/resou...pecialForm.pdf

    Quote Quoting abanikko
    View Post
    Are they trying to get the tenants to cover insurance they would otherwise have to carry themselves
    No.

    Quote Quoting abanikko
    View Post
    and is this legal?
    Yes.

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