Rate Increases on tenants with permanent discounts

sonyawiprud

How do you  explain a rate increase to your tenant that has a permanent discount, because SL drops the discount and rounds up the rate. I have been telling them that the new rate is a percentage of what they had been paying, so they are still getting the discount because of this. However, as the years go by and rate increases keep going up, eventually they are paying the standard rate, with no discount. I wish there was a way to keep the discount intact when conducting rate increases. How are you handling these? Am I doing it wrong?