Raising rents in Penna. : ezLandlordForms

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Raising rents in Penna.

Byrle S

started a topic over 11 years ago

Is there a certain dollar amount limit on the raising of rents for current tenants, such as a tenant now pays $500/mth for rent and I would like to increase this amt.- can I use a $ amt. or % amt (& is there a limit?)? Please?!?

2 Comments

Karen S

said over 11 years ago

I believe there is no limit on the amount, but there is a notice time frame and the tenant may decide to no longer rent, as the terms they agreed to would be changing.

Byrle S

said over 11 years ago

This was my concern, however, the tenants are very long term, with only essentially month to month leases & have not had a rental increase for over 2 or 3 years & then only by $25/mth. which pretty much means the property is actually not breaking even w/bills(losing money!). I do intend to give enough notice time & I thank you!