RENT INCREASES

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From time to time a tenant’s rent may need to be increased. When increasing the tenant’s rent it must be in accordance with the market rent. It is not fair or lawful to excessively increase the rent. In most states, a tenant can lodge an application for the reduction of a rent increase if it is considered excessive in comparison to the market.
When implementing a rent increase, it must be done in writing and in accordance with the legislative requirements. Failure to issue the tenant with the correct notice will result in the increase being void.

 

For more information go to http://www.rentaltrends.com.au

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