Ahhhh I almost faced this once. Was renting from a landlord who wanted to change the disgusting unfinished basement into two more bedrooms. He asked us to try to find a new place (during COVID) so he could do this.
I told him that we cannot find a place easily as we have a bunch of cats and it’s COVID, and he asked if we were okay with him making the bedrooms while we’re here and once they’re done, we’d have to pay 20% more for rent.
We had been there for five years and our rent was never raised… so we were elated to agree. Double the amount of bedrooms for 20% more rent money and we don’t have to move? Uhhh yes please. After the increase, we were at like 75% of the rent price compared to other 4br 1ba rentals in our area.
I’m also just happy he didn’t kick us out. The basement bedrooms turned out nicer than the first two we had.