Edit record in the Notice of Rent Increase

Aug 6th, 2022
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How to edit record in the Notice of Rent Increase

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[Music] hi everyone im beta delesi and in this video were going to talk about should a landlord raise rent each year many times we get phone calls from landlords saying the rent is below market value and thats why i want to evict the tenant or the reason why i didnt increase the rent was because i felt sorry for them or the tenant was a single mother or they were sick or i was just trying to be a good person a landlord should definitely take advantage and increase the rent once a year because they do have the opportunity to do so however its only once a year if a landlord does not increase the rent lets say for example for the past five years they cant retroactively increase the rent to catch up to play catch-up a landlord must run their rental properties like a business and just like how we have inflation the landlord has the opportunity to increase the rent once a year so that they can catch up and some of that increase can help offset expenses if youre a landlord and you own

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A rent review clause is used to provide the landlord with an opportunity to review the level of rent payable by a tenant during the term of a lease.
Parties under a month-to-month lease enjoy full rights under Kentucky landlord-tenant law. The tenant must use the property in a responsible way and pay rent on time. The landlord must keep essential features of the property in habitable condition, and protect the tenants quiet enjoyment of the lease.
Dear [TENANT NAME(S)], As indicated in your lease, your lease at [PROPERTY ADDRESS] will end on [LEASE EXPIRATION DATE write in full]. Please note that the monthly rent for the above [PROPERTY ADDRESS] will increase from [OLD RENT AMOUNT] to [NEW RENT AMOUNT] effective [DATE OF NEW LEASE write in full].
State law requires that tenants must be given a required notice period prior to a rent increase. For a year-long lease, the notice must be provided 30 days before the end of the lease term. If its a month-to-month lease, landlords must also respect a 30-day notice period before the rent increase takes effect.
The landlord cannot increase the rent, decrease the services provided, or evict a tenant for asking that repairs be made or for notifying Code Enforcement of defects in the property. 3. The right to a rental unit that is habitable and compliant with all building and housing codes (KRS 383.595).
Landlords must give 30 days written notice in order to increase the rent or change any other term in a month-to-month contract. Rent prices cannot be increased during the term of the lease unless otherwise stated within the lease.
In California, when rental property owners increase a tenants rent more than 10 percent, the owner must provide the tenant with a 60-day advance written notice. For an increase in rent that is greater than 10 percent, owners must provide tenants with at least 60- days advance notice.

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