Responding to Landlord’s Rent Increase

Dated: June 9 2022

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Responding to Landlord’s Rent Increase

While landlords have the authority to raise the rent in most cases, they must follow specific guidelines regarding time and notification. These regulations should be understood by tenants, as well as what to do if a landlord breaks them.

If you have a lease, your landlord has the right to increase your rent at the conclusion of the term. They can then offer you a new lease with more favorable conditions, such as higher rent. However, if the original contract allows it or if you agree, the landlord can raise the rent before the end of the lease period. In contrast, if you have a month-to-month rental agreement, the landlord must provide you with written notice before raising the rate. 

If the landlord fails to provide you with adequate notice, you must pay the current rent on the customary due date, but you are not required to pay the additional rent. Nonetheless, provided the notice is otherwise genuine, you must pay the extra rent within 30 days of receiving the notice. In other words, the notification of higher rent will become effective after 30 days. This sort of issue can be resolved simply by the passage of time.

Some renters might not object to a verbal rent increase from their landlord. Even if you don't intend to challenge the increase, you should make sure you obtain it in writing, possibly by signing a new rental agreement with the new price. You can also write a letter to the landlord stating the new amount and any other changes to the lease. You should request that the landlord sign and date the document before returning it to you. This will provide you with a written record of the higher sum in the event of a subsequent disagreement.

Planning to buy, sell, or invest in any property type in Florida? Here at Tampa Bay Investments, we pride ourselves on giving our customers the best experience and we know how to navigate this challenging market. We also offer property management services and assistance to both buyers and sellers. I'm Kevin Dattola, your local Real Estate Expert, and here for anything you need so let's connect & I look forward to hearing from you.

 

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