How much is a landlord entitled to raise rent by? Our's has asked for a 30% increase with our new contract

Question

And that's without giving any prior notice. Am I right in thinking a landlord cannot raise rent much above the level of inflation, and they have to give a couple of months notice?

Answer 1

Your lease contract should have a section concerning notice periods for rent increases and termination of contract. The usual period is one to two months but can vary, so check what it says. Increases are up to the landlord but generally take into consideration inflation and any repairs and maintenance carried out on the building by the owner, or any scheduled improvements and you should have all of this in writing, either in the contract or in separate communications. Usual increases are up to but not more than about 25% every two years or so by reputable landlords. If you do not have a contract for your present premises ask your landlord for one or look for some where else to live as he will only do the same next year. Good Luck.

Answer 2

Go to the Rent Tribunal (strictly, the Rent Assessment Committee) of your local council. They will assess what is a fair rent - basically, the going rate in your area for your type and standard of accommodation. Really, though, your original agreement will continue (at the original rent) until the expiration of the 2 months' notice your landlord must give, to bring it to an end.

The upshot of your going to the Committee may well be that the landlord wants to get rid of you, and gives you 2 months' notce without the option of renewing, so be prepared to move out.

Answer 3

Check your states statutes but in most states unless your city or county has put a special freeze on rents like NY the rent can go to market value which is whatever the owner feels they can get...otherwise if you move out ;will the landlord be able to rent the place for the amount he asked you; which is usually yes

Answer 4

In most states, barring a ceiling in rental prices a landlord can raise rent as much as he or she wants at the end of the contract period.

Answer 5

You are right that on a long term lease (i.e 4 or 5 year long) they can ony ask for inflation raise, and has to give you 2 months notice.

however most of us are on a 12 month contract - and as you have mentioned - when you negotate a new one , the land lord can charge what he wants.

Answer 6

No you are wrong read your agreement with him ..
You probably signed it without reading it ..
it is his property he charges what he likes and he doesn't
need to consult you ..the chances are the going rate for they area is about what he is asking..you can refuse and ask for independent Arbitration to set the rent .but it will cost fortunes and you may not benefit ..or end up paying more then you bargained for because landlord can ask for more if it goes to arbitration..
Your best bet is to talk to him politely and nicely .never show aggression and ask him to rethink in your favour and let him know that you will be struggling to pay the rent ..
Some times it works ..they don't want a tenant who may or may not pay on time ...good luck

Answer 7

If you think The increase in your rent is wrong, You can go before a rent tribunal to have it judged fairly. Get in touch with your local Council and ask them the procedure. It is a free service.

Answer 8

He can ask for whatever the market will bear. If you can't pay it, find a new place to live.

Think about entering a long-term contract that will keep your rent steady for a longer period of time.

Answer 9

Nope. whatever is in your contract, and if they're no mention of that, then too bad for you!