When Is A Landlord Permitted To Raise The Rent?
Once every 12 months, landlords of properties covered by the law are allowed to increase the rent ceiling by a percentage equal to the CPIW, which has been running between 1 and 3 percent in the last few years. (Note: the rent ceiling is the legal amount a landlord is allowed to charge on an apartment covered by the law, but not necessarily the amount he will charge.) A landlord can increase the rent any amount he likes so long as it remains under the rent ceiling. Rent can be increased only with 30 days` written notice, and only if at least 180 days have passed since the last increase.
Speak to an Experienced Landlord Tenant Law Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified landlord tenant lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local landlord tenant attorney to discuss your specific legal situation.
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