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. An increase is only permitted 12 months after a tenancy begins and not within 12 months of the last one.
You must provide a written notice of rent increase at least 60 days in advance. While there's no legal cap, the new rent must be fair. Tenants can dispute excessive increases with 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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