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 rising costs. Legally, you can only increase rent 12 months after the tenancy starts and not within 12 months of the last increase.
A formal 60-day written notice is mandatory. While there's no legal cap on the increase amount, it must be fair. Tenants can challenge what they consider an excessive increase at the Tenancy Tribunal. Landlords can also request a bond top-up with any increase.
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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