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 just their own costs. Legally, you must provide at least 60 days' written notice and can only increase rent once every 12 months, after the first year of tenancy.
While there's no set limit, the increase must reflect fair market rent. Tenants can challenge excessive increases at the Tenancy Tribunal, which assesses fairness based on similar local properties. You can 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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