Is Rent Increase During Lease Renewal Justified? A Comprehensive Guide Considering Legal and Psychological Factors

Is Rent Increase During Lease Renewal Justified? A Comprehensive Guide Considering Legal and Psychological Factors

Question from a reader:
I was told that my rent will increase by 7,000 yen upon renewing my lease. When I asked the management company for the reason, they said the owner wants to align with the rental market in the area. Is this a legitimate reason? Or is it just the owner’s convenience? I am grateful to be living in