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 based on the current market rate. Legally, you must provide 60 days' written notice and can only increase rent 12 months after the tenancy starts or the last increase.
While there's no set limit on the amount, tenants can challenge excessive hikes at the Tenancy Tribunal. Clear communication is vital for a smooth process. Landlords can also legally request a bond "top-up" to align with the new rent amount.
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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