Lease increase rent 2025

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This document is a Lease Modification and Extension Agreement between a Lessor and Lessee, aimed at extending the term of an existing lease and increasing the rent. It outlines the parties involved, references the original lease agreement, specifies the new termination date, and details the new base rent to be paid by the Lessee. The agreement confirms that all other terms of the original lease remain in effect unless amended.

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Click ‘Get Form’ to open the lease increase rent document in the editor.
Begin by entering the date of the agreement at the top of the form. This is crucial for establishing the timeline of your lease modification.
Fill in the names and addresses of both the Lessor and Lessee in their respective fields. Ensure accuracy to avoid any legal complications.
Specify the original lease date and attach a copy as Exhibit A, ensuring all parties are aware of prior agreements.
Indicate the new termination date for the lease extension and how many years it will be extended.
In the Base Rent section, enter the new rental amount starting from the specified date, ensuring clarity on payment terms.
Complete any additional rent details related to taxes or operating expenses as outlined in your original lease agreement.
Finally, have both parties sign and print their names at the bottom of the document to finalize this modification.

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What is the maximum rental increase for 2025?

Year-Over-Year Change in Average Rent: 3-BR SFRs City/StateQ3 2022 Average RentYoY % Change Cincinnati, OH $1,599 17% Dayton, OH $1,293 8% Columbus, OH $1,666 8% Cleveland, OH $1,400 2%1 more row

Is there a maximum rent increase in Ohio?

AB 1482: Limits annual rent increases to no more than 5% + local CPI or 10% whichever is lower.

What is the most a landlord can raise rent in Ohio?

2025 and 2026 rent increase limit The 2025 rent increase limit for residential tenancies is 3%. The 2026 rent increase limit for residential tenancies is 2.3%. If utilities and other fees are included in the rent, the landlord still cannot increase the rent beyond this amount even if their costs are higher.

What is the maximum amount a landlord can increase rent?

You do not have to agree to the rent increase or sign a new tenancy agreement. But your landlord could take steps to end your tenancy if you do not agree. For example, with a section 21 notice. If your contract has a rent review clause, it should say how often the rent could go up.