Selling guide
Everything you need to know about rent increases
This is a decision that you need to get right.
AI summary
This guide helps landlords navigate rent increases. Legally, you can only raise rent 12 months after a tenancy begins and not within 12 months of the last increase. You must provide a written notice of rent increase with at least 60 days' notice.
The new rent should reflect the current market rate, not your costs. While there are no set limits, tenants can challenge excessive increases at the Tenancy Tribunal. Landlords may also request a bond top-up.
1. When should you increase the rent?
2. How can you increase the rent?
You need to provide your tenants with written notice of any plans to increase the rent.
3. How much notice do you need to give?
4. How much can you increase the rent by?
You should base any rent increases on current market rates.
5. What if the tenant thinks the increase is too high?
6. Can you ask for more bond money?
7. How best to communicate rent increases?
Have a question? Need help managing your rental property?
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