Landlord Question and Answer Forum
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?!?
Byrle S, PA on Monday, April 22, 2013
RE: Raising rents in Penna.
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.
Posted by
karen s, WI
on
Tuesday, April 23, 2013
RE: Raising rents in Penna.
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!
Posted by
Byrle S, PA
on
Tuesday, April 23, 2013
Author:
ann s, AL
Updated:
03/22/2016
|
Author:
Delisea P, AL
Updated:
03/03/2016
|
Author:
Kate S, NV
Updated:
09/03/2011
|
Author:
Tina S, LA
Updated:
01/11/2017
|
Author:
Sheila A, AZ
Updated:
07/23/2015
|
The forum is completely free to anyone! If you wish to post a message, you must
log in. If you are not registered already,
Join today to create a free account!
Any comments and opinions that are expressed by the users of this forum are solely
those of the authors, and have not been reviewed or approved by ezLandlordForms.