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General Property Management
Rent Increase
L
Lester A
started a topic
over 15 years ago
What is the maximum rent increase allowable in Baltimore, MD.
51 Comments
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j
Jahfwkwi J
said
over 5 years ago
20
K
Kelly H
said
over 8 years ago
No, since you are in California. Leases are optimal when the market is slow or when you first get the tenants in so that that you don't have a fast turn over. When the rental market is doing well, especially in California, Month to month is better on a renewal. I was an owner and landlord for 12 years in CA before we moved to Washington State a year ago. California is a very different market compared to the rest of the US.
L
Laura H
said
over 8 years ago
Didn't you mention about the increase in rent in the lease agreement? When I was renting a home, my agent at Could Real Estate included all such clauses in the contract to avoid any problems.
R
Ross A
said
almost 8 years ago
If you’re renting the property out on a month-to-month basis you can increase the rent basically any time he feels like it. But remember, that you has to give your tenant a notice, usually 30 days.
R
Ross A
said
almost 8 years ago
This article
https://rentberry.com/blog/tenant-turnover
states that you may increase the rent by the end of the lease. It also contains useful tips on how to raise rent carefully and to keep you current tenants. As you're a new landlord I thought it could be useful information. You need to understand that raising the rent requires a lot of good business skills, marketing research, public relations with tenants and legal requirements.
L
Lincoln B
said
over 7 years ago
It depends what contract you signed with the tenant. If in contract it is mentioned that this amount will be increased after certain period then you can't increase rent till end of that period but there is no as such clause in the contract and not any to overrule rent increase then you will have to give them advance notice of at least 30 days.
J
J D
said
over 7 years ago
Landlord must give the tenant at least 30 days’ advance notice if the rent increase is 10 percent (or less) of the rent charged at any time during the 12 months before the rent increase takes effect. A landlord must give 60 days’ advance notice if the rent increase is greater than 10 percent. (Civil Code Section 827b.) Buildings under rent control in some cities require different regulations. I would look up this information so you can calculate the correct amount of notice and increase. Good Luck
S
Sid F
said
almost 7 years ago
Do you mean partial payments as in paying biweekly or weekly? I would not raise if they are paying the rent and the full amount on time. I also wouldn't raise it if they cannot afford the rent as it is either. I would do a payment arrangement if they are falling behind. SO for instance i have allowed my tenants to pay an extra 50 biweekly or 100 monthly to the rent until they get to the amount in full.
R
Richard W
said
almost 7 years ago
These side deals dont work. You are probably only kidding yourself as to whether they really can afford to stay in the home. That does not mean you can not be ethical and allow the number of days late your state requires before assessing a late fee, or waiting a day or two to write the memo threatening eviction for non payment.... but when you start down the road of negotiating the rent, your only negotiating with your self and setting your self up for financial losses much greater then the 30 days they are delinquent.
M
Michele S
said
almost 7 years ago
I did a split payment for a tenant, but I made sure that they were aware that if late on both dates they would be charged 2 fees of $25 for both.
G
Gary S
said
over 6 years ago
Just a notice of increase will suffice.
S
Scott H
said
over 6 years ago
Depends how much trouble you want over 8 dollar a month 96 dollars a year. I just wait till the lease is up and increase the rent 25/50 dollars a month to make up for increased costs. If you want a bunch of trouble/headaches let her know she owes the 8 dollars for jan/feb and charge her the late fee for both months. Also serve her with the pay or quit. Of course once you get to the judge they might not be amused over evicting someone for 8 dollars.
j
Jahfwkwi J
said
over 5 years ago
20
B
Benita N
said
about 4 years ago
Please visit
https://www.colorado.gov/pacific/sites/default/files/Attachment%2010-Landord%20and%20Tenant%20Rights.pdf
B
Benita N
said
about 4 years ago
With any month-to-month lease, the landlord can raise the rent, change or terminate the agreement at the end of each month, with proper written notice to the tenant. The tenant, likewise, can terminate the lease at the end of the month with proper written notice to the landlord. Proper notice for both landlord and tenant must be written and received by the other party at least ten days before the last day of the rental month. (See C.R.S. § 13-40-107). However, a written month-to-month lease may specify a longer notice period, for example, 30 days or 60 days before the end of the lease term.
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