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Did you have a rental agreement signed when you moved in? If so what does it say in the rental aggreement about increased rent. Also, has the rental agreement expired? If so there are no set terms about what they can and can't do because there is no legal agreement in effect. What state do you live in?

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I live in Illinois, and this Landlord is new and never made a rental aggreement when he bought the property about a year ago. And now is making one and raising the rent 160.00 in 15 days and wants a year lease signed immediately.

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I'm not an Illinois lawyer--but, unless there's some limitation in your state law (not likely) or your jurisdiction has a rent control ordinance, the landlord can charge whatever the market will bear.

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