The Ultimate Guide to Rent Increase Notices

Abstract

Landlords have to be careful about when they increase rent, as all states require that tenants receive a rent increase notice of at least 15 days. Some states require up to 60 or even 90 days of notice. If a tenant is in a long-term lease, the landlord usually has to wait. The renter may pay rent in 15-day increments, paying for only half a month at a time. Long-term and short-term leases can be limiting. The renters most often need legal assistance. In this case, renters most likely need legal help. A property manager may consider when increased rent is comparables in the area. For most or all of the properties with similar amenities are priced at $1,500 per month for a 600-square-foot, one-bedroom apartment. For example, if most of the homes in the region are priced as well as $1.