SEATTLE — Tenants at a Northgate apartment building are stunned to learn their rent is about to double.
One tenant KIRO 7 talked to at the Northlane Apartments said she’s lived there 26 years and paid less than $600 a month.
But the building near Northgate Mall has been bought by Ironridge Real Estate, which is telling residents their rent could double in the next two months.
"I heard they said $1,295,” the tenant said. (“It’s) outrageous! I mean, you just don't do that to people."
KIRO 7 asked Ironridge Investments about the increase.
The company says it has a big mortgage to pay and has no plans to tear down the building.
The Tenants Union of Washington says landlords have to give 60-days’ notice for a rent hike of 10 percent or more.
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