rental in­creases

The Advertiser - Real Estate - - Open House -

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.

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