Long Term Tenant Renewal : ezLandlordForms

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Tamara C

started a topic about 9 years ago

Current tenant has been there for 4 years. Lease is up for renewal, and we are increasing the rent $20 a month. Also, had to connect the house to our well because their well went dry due to the drought. So, we are going to charge a flat rate of $50 a month for water/electricity to pump the water. Obviously, they are upset with the rate increases. Do you see any problems with this? We are in Oregon. Also, do you have to allow a grace period on late rent? They have frequently been late on payment and I have adjusted to due date to later in the month, but I am tired of tracking them down for the rent. Can I just start assessing late fees the day after it's due? Thanks for your help!

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Douglas B

said about 9 years ago

Oregon doesn't have any rules on how much you increase rent when renewing leases. I don't see any problems with increasing the rent, especially since they have been continuously late during the 4 years. Also they have a 4 day grace period to pay rent before late fees apply, but kudos for accommodating your tenants and changing the rent due date. Good Luck.

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Tamara C

said about 9 years ago

Thanks for the support!

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Paul P

said about 9 years ago

I don't see any problem with increasing the rent but with my6 personal experience would suggest you to do all the procedure in written agreement and not orally. I was cheated by my tenant and since then I always take advice from experts at http://www.mwfloridalaw.com .