Rent increase: how much notice do you give/get?

moonshadowMarch 24, 2007

Just curious about other landlords policies or tenants experiences.

Landlords, if you're going to increase the rent, how much advance notice do you typically give (and any pertinent reasons).

Tenants, how much notice, based on your past personal experience, have you been given before a rent increase?

Thank you for reporting this comment. Undo

I have been a landlord for just over a year now. I have not raised the rent from what the other owner charged. I have thought about, but I live in my building and I'm not in it for a big profit just looking to have a nice place to live thats not going to cost me alot over the long haul. If I did I would have many good reasons for doing so. Since I bought the place I have been working to fix it up. I have establised a nice lawn, improved the electrical and plumbing. installed a new more reliable heating system, painted outside and more. plus the proberty taxes have gone up as well as the cost of natural gas for heating both which are costs the rent for any property has to cover.
If I were to raise the rent I would be justified because the cost of running the place has gone up and I have made improvements to make it a nicer more livable place, so that its worth more.

    Bookmark   March 25, 2007 at 5:21PM
Thank you for reporting this comment. Undo

I think it has always been a 3 month notice for us...before the signing of a new lease.

    Bookmark   March 26, 2007 at 4:36AM
Thank you for reporting this comment. Undo

on a month to month lease 30 days would be the minimum required unless the state you are in has different laws. I would give 2-3 months notice so that tenants can prepair to put the larger rent in to their budjet.

    Bookmark   March 27, 2007 at 8:04AM
Thank you for reporting this comment. Undo

We get about 1-2 months. We're on month-to-month. It goes up about the same time each year....glad we're getting ready to buy a house!

    Bookmark   March 29, 2007 at 8:41PM
Sign Up to comment
More Discussions
How common are door notes for communicating with tenants?
Is it legal for an apartment manager to put paper notes...
Bathroom decorating ideas
Hi! I just moved in to an older style apartment building,...
3 mentally ill roommates and a baby, what to do?
I live in a small 1 bedroom apartment with 2 other...
Found these bugs in my apartment , please identify
Found a bunch of these bugs in my apartment and am...
Lawn Mowers/Leaf Blowers
I rent the top floor of a two-family home in a nice...
People viewed this after searching for:
© 2015 Houzz Inc. Houzz® The new way to design your home™