MEDFORD, Ore.- Tenants in the Mariposa Townhomes in Medford are facing rent hikes of at least 40%. The facilitiy's new owner says the increases are part of a plan to improve the townhomes and get rents closer to market value.
Commercial Property Management is not responsible for the rent increases but is working to help tenants find new places to live if they can not afford the higher rent.
Tenants have until March 1st to decide if they need to relocate. The property owner is trying to set up incentives to help current tenants stay in the homes. Despite that, the increases may be too much for many current renters
The property owner feels the increases are necessary to create a safe, comfortable and quality environment for residents of Mariposa Townhomes.