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If your building is older than that, your unit may be subject to the laws limits on annual rent hikes. Those limits come out to 5% plus the local consumer price index or 10%, whichever is lower. With inflation running very high, the laws 10% maximum annual rent hike will take effect starting in August 2022.
Indiana law requires landlords to give written notice to tenants of any rental increase.
The Tenant Protection Act of 2019 (AB 1482) restricts rent increases in any 12-month period to no more than 5% plus the percentage change in the cost of living (CPI), or 10%, whichever is lower. For increases that take effect on or after Aug. 1, 2022, due to inflation, all the applicable CPIs are 5% or greater.
Dear [Landlords name]: I wanted to docHub out today to ask if we could discuss lowering my rent. Since I moved in [month and year your lease started], I have loved everything about living here. Unfortunately, finances have been difficult lately and I would greatly appreciate a reduction in rent.
There are no limits to how much Indian landlords can raise rent but state law requires landlords to give tenants at least 30 days of written notice before raising rental prices. Rent-related fees. Indiana has no limits on how much landlords can charge in late fees. The state does mandate a $25 returned check fee.
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People also ask

Dear [Name of Applicant], Thank you for applying to rent the property at [Rental Property Address]. We regret to inform you that your rental application has been denied due to the following reason(s): [e.g. insufficient income, low credit score, owner chose another applicant, negative rental history, etc.].
Does Florida Have Rent Increase Laws? No, Florida does not have rent increase laws. Florida also goes further and is one of several US states that impose a preemptive ban on rent control, prohibiting individual cities and counties from enacting rent control regulations except under extreme circumstances.
Can A Landlord Raise Rent After The Lease Expires In California? Yes; you can raise the rent after the lease expires. Holdover tenants are considered to have a month-to-month contract with you. This means you can increase rent by either 5% plus the local CPI or by 10%.
Talk to your landlord If youre frustrated about your rent increase, you can always talk to the property management, ask questions and try to negotiate. As with any important conversation, its important to stay calm and professional instead of getting angry and confrontational.
Applying to challenge your rent increase If you and your landlord cant agree on your rent increase you can ask a tribunal to decide for you - its free to apply. Youll need to apply before the date your rent increase is due to start - you can find this on your section 13 notice.

indiana rent increase laws