Remove contents in the Notice of Rent Increase

Aug 6th, 2022
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How to remove contents in the Notice of Rent Increase

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hi there its Joe Natali here from the rental specialists and today were talking about rental increases now there are three things a notice of increase of rent need to include in order to be effective the first one is that it must specify the proposed new amount of rent not the amount of the increase so what you have to say is your rent is increasing from two hundred and forty dollars a week to two hundred and sixty dollars a week it cant say your rent is increasing by twenty dollars a week so you have to be really specific about that the second thing I notice needs to include is the date when the increase becomes effective and its important to note there you have to give 60 days notice for an increase plus if youre posting the notice then you have to allow an extra four days at least for postage so you need to sit down and calculate that properly otherwise the notice can become invalid and even a few years down the track if the tenant has even paid the increased rent they can craw

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What a rent increase notice should include The date of the notice. Name and address of the property manager or landlord. Name and address of the tenant. Last day of the current lease. Amount of the increase. Date the increase goes into effect. Timeframe for tenant to accept increase or reject lease renewal.
Your landlord must give you a minimum of one months notice (if you pay rent weekly or monthly). If you have a yearly tenancy, they must give you 6 months notice.
NOTICE OF RENT INCREASE 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].
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.
The amount that a landlord can increase the rent must be realistic and reasonable. For example, if similar properties in the area are renting for 500 /pm they couldnt realistically expect to charge 700/pm. A fair rent increase percentage in the UK is generally between 3-5% annually.
agree a rent increase with you and produce a written record of the agreement that you both sign. use a Landlords notice proposing a new rent form, which increases the rent after the fixed term has ended.

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