Selling guide
Everything you need to know about rent increases
This is a decision that you need to get right.
AI summary
Navigating a rent increase requires following specific legal steps. Landlords should align rent with the current market rate and can only increase it 12 months after the tenancy starts or the last increase.
You must provide at least 60 days' written notice. While there's no legal limit on the amount, tenants can challenge excessive increases at the Tenancy Tribunal. Clear communication is essential, and you can 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?
Have a question? Need help managing your rental property?
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