Selling guide
Everything you need to know about rent increases
This is a decision that you need to get right.
AI summary
This guide outlines the process for landlords to increase rent. Legally, rent can only be increased after the first 12 months of tenancy and not within 12 months of the last rise.
Landlords must provide at least 60 days' written notice. While there's no legal limit on the amount, it must align with fair market rent. Tenants can challenge excessive increases at the Tenancy Tribunal. You may also request a bond top-up. Clear communication is essential for a smooth process.
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?
Author
Discover More
The five places where first-home buyers are winning the most
The five regions where first-home buyers are buying the biggest share of homes in New Zealand.
From an empty paddock at the end of a gravel road, they built an off-grid haven – complete with a Love Bus
A bare paddock became an award-winning off-grid escape with tiny homes, a Love Bus and coastal views.
Search
Other articles you might like
