Post to Facebook on 27/6/2018 at 9:14 PM
Commenting on “What is a reasonable rental increase?”
https://www.domain.com.au/advice/what-is-reasonable-rental-increase/
A good tenant is hard to come by and therefore a landlord will tend to keep the tenant by not increasing the rent unreasonably. This helps towards his mortgage repayment.
For a small house in a not highly inflated area, the rent increase may be just another $5-$10 per week, or around 2.5%.
I consider an increase not greater than the inflation rate is reasonable. However, there are many factors that can justify a much higher increase. Please read the article attached.
I have uploaded a file entitled "Rent Increases". It gives very useful information including where to lodge a complaint if you consider the rent increase is too high and unreasonable.
If the property is leased through a real estate agency, try having a word with the agent first, and explain your situation before you lodge a formal complaint.
If you want to find out more about rent and rent increase, you can visit Consumer Affairs Victoria website, or search for legislation Residential Tenancies Act.
Thank you for reading.
Commenting on “What is a reasonable rental increase?”
https://www.domain.com.au/advice/what-is-reasonable-rental-increase/
A good tenant is hard to come by and therefore a landlord will tend to keep the tenant by not increasing the rent unreasonably. This helps towards his mortgage repayment.
For a small house in a not highly inflated area, the rent increase may be just another $5-$10 per week, or around 2.5%.
I consider an increase not greater than the inflation rate is reasonable. However, there are many factors that can justify a much higher increase. Please read the article attached.
I have uploaded a file entitled "Rent Increases". It gives very useful information including where to lodge a complaint if you consider the rent increase is too high and unreasonable.
If the property is leased through a real estate agency, try having a word with the agent first, and explain your situation before you lodge a formal complaint.
If you want to find out more about rent and rent increase, you can visit Consumer Affairs Victoria website, or search for legislation Residential Tenancies Act.
Thank you for reading.
https://www.domain.com.au/advice/what-is-reasonable-rental-increase/
