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There are a few different ways that you can determine what a reasonable rent increase is. One way is to review comparable units in the area. Look at units that are similar in size and amenities, and see what they’re renting for. This will give you a good baseline for what you can charge for your own unit.
A property owner is only permitted to increase the rent at the end of a lease term. So, if you have a 12-month lease, the owner can only raise the rent at the end of the 12 months. They must notify you that the rent is increasing and offer you the right to renew or find other housing (unless they no longer wish to continue the relationship).
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Feb 1, 2023 · In California, for instance, that advance notice expands to 60 days if the increase is more than 10% of the rent. These rules are also typically true for a “tenant at will” (i.e., you do not ...
Nov 2, 2023 · Illustration: Brendan Lynch/Axios. A lawsuit filed in D.C. on Wednesday alleges that some of the city's biggest property managers are colluding to artificially raise rents — and it's not just a D.C. phenomenon. Why it matters: The lawsuit could illuminate one factor behind the surge in rental prices across the U.S.
- April Rubin
Are you a property manager wondering how to handle a rent increase? Discover valid reasons to raise rents and how to do so with no complaints. Click here!
For example, if you make a legitimate complaint to a public agency about defective conditions in your rental unit, your landlord may not raise your rent to punish you. The law in some states assumes a bad intent on the part of your landlord when the increase comes within a certain time frame of when you exercised the legal right.
Oct 18, 2023 · Rent Increases by Landlords & Tenants' Legal Options. While landlords generally have the right to increase rent, they must comply with certain rules about timing and notice. Tenants should know these rules and understand what to do when a landlord violates them.
