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While it is becoming increasingly common to hear/see that some landlords are shocking their residents with exorbitant rent increases that are often in excess of $300, ConcordRENTS understands how such a large increase with little notice can threaten to disrupt or even displace households. As such, ConcordRENTS wants to alleviate such concerns of unanticipated, material rent increases by extending an option to its market-rate residents in good standing to “Renew for Two” which offers two year lease renewals with increases limited to 5% per annum. Despite it becoming increasingly more expensive to provide and maintain quality rental housing and as rents across most major markets continue rising unabated, ConcordRENTS is pleased to offer limited rent increases over prolonged lease durations and therefore peace of mind where residents don’t have to live in fear of whether they are going to be displaced from their home.