RENTAL increases can be a common occurrence when renting a property so it is important to understand the process which must be adhered to for the rise to be implemented.
For a rental increase to take place, the property manager and/or landlord must abide by legislative requirements and issue tenants with the appropriate notice in writing.
If your tenancy is for a fixed term, the landlord cannot increase the rent during this term.
In some cases, however, there is a clause in the Tenancy Agreement that specifically states the rent can be increased, in which case the landlord is entitled to do so provided they follow the appropriate guidelines.
With a periodic tenancy agreement, the landlord is required to give a tenant written notice, specifying the amount of the increase and the day from which it will be effective.
On a periodic agreement, the landlord must give a minimum of 60 days’ notice.
The landlord also must not increase the rent within six months of the tenant moving in or from when the rent was last increased.
As tenants leave and their Tenancy Agreement expires, a landlord may charge increased rent to the new tenants, as they will be negotiating a new Tenancy Agreement.