hi
i have a bit of a bone to pick with rental increases.
Feel free to correct me if I am mistaken - I have been trying to increase my rents as my tenants lease expired in mid december. I was advised by my agent not to give notice of this raise until january as the tenant may move out over the xmas period. This is fine. Then comes mid january and I have received a letter saying that my agent will give notice to the tenant about a rise, effective as of the 12th of April.
What is to stop the tenant living in my IP on an expired lease with rent that hasnt changed in almost 18 months and then 2 weeks before the increase giving me 2 weeks notice to move out???
I have been waiting on this increase for a few months now and it is making me quite frustrated. What are my options? Can I ask the tenant to sign a new lease (therefore making an increase effective) or do I have to wait the 60 days?
cheers
tab
i have a bit of a bone to pick with rental increases.
Feel free to correct me if I am mistaken - I have been trying to increase my rents as my tenants lease expired in mid december. I was advised by my agent not to give notice of this raise until january as the tenant may move out over the xmas period. This is fine. Then comes mid january and I have received a letter saying that my agent will give notice to the tenant about a rise, effective as of the 12th of April.
What is to stop the tenant living in my IP on an expired lease with rent that hasnt changed in almost 18 months and then 2 weeks before the increase giving me 2 weeks notice to move out???
I have been waiting on this increase for a few months now and it is making me quite frustrated. What are my options? Can I ask the tenant to sign a new lease (therefore making an increase effective) or do I have to wait the 60 days?
cheers
tab