Selling guide
Everything you need to know about rent increases
This is a decision that you need to get right.
AI summary
Landlords should base rent increases on the current market rate, not personal costs. An increase is only permitted after the first 12 months of a tenancy and not within 12 months of the last one.
You must provide tenants with at least 60 days' written notice. While no legal limit exists, the new rent must be fair market rent. Tenants can challenge excessive increases at the Tenancy Tribunal. Landlords may also legally request a bond top-up to match the new rent.
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?
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