Notice Of Rent Increase

What Is a Notice of Rent Increase?

When a person leases a premise, they have the right to raise the rental cost. This opportunity is provided by the rental agreement. However, there are several rules on how this has to be done. In Canada, the tenancy cost can be increased after the first 12 months of the lease. In order to inform the tenant about such a change, the landlord has to serve a notice of rent increase at least 90 days prior to when the cost is raised. In some cases, the term can be less. It usually depends on the type of property under the tenancy.

How to Complete the Rent Increase Notice

The form itself is quite simple and requires minimum effort to fill out. There are two pages that must contain the following kinds of information:

Name and address of the tenant.
Name and address of the lessor.
Address of the real estate under the tenancy.
The date when the rent will be increased and the amount per certain time period (check to indicate).
Explanation of the raise.
Check one of the conditions of the cost raising related to the Residential Tenancies Act, 2006.
Choose who will sign the blank: the landlord or their representative.
Put the name and contact number of the signer.
Sign the form and put the date.
If it is the landlord's representative who will sign the notice, indicate their name, address, company name (if applicable), contact details.

Prior to serving the notice of rent increase, make sure that it complies with all terms required by the Residential Tenancies Act, 2006. Some provisions of the law are set forth on the second page of the document. There are some terms and forms indicated for the tenant specifically as well. In case of any questions related to the submission of the document, carefully read the law or refer to the lessor and tenant board. The phone number and website of the mentioned institution will be indicated on the second page of the form.

Video Tutorial How to Fill Out Notice Of Rent Increase

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Questions & answers

The Tenant Protection Act of 2019 (AB 1482) restricts rent increases in any 12-month period to no more than 5% plus the percentage change in the cost of living (CPI), or 10%, whichever is lower. For increases that take effect on or after Aug. 1, 2022, due to inflation, all the applicable CPIs are 5% or greater.
What to Include in a Rent Increase Letter Date of the rent increase letter. Name, address, and relevant information of both the tenant and landlord. Apartment address and unit number. Make a note of the expiration date of an existing lease. Current rent amount. Amount the rent increases if they choose to renew.
tenant rights Your landlord cannot raise your rent during a rental contract. They can only raise the rent after the contract is up, but are still required to give a notice of rent increase 60 days before. There is no rent control in Washington state, so landlords can raise your rent at their discretion.
Mailed notice. Owners must, however, add five days to the notice if the noticed is served by mail. (for example 35 days if the increase is 10 percent or less and 65 days if the increase is more than 10 percent). The copy of the notice must include a notation of the date and place of mailing.
Because rent control is illegal in Washington State (RCW 35.21. 830) landlords can raise the rent as much as they want as long as they comply with the appropriate notice period and have not issued the notice to discriminate or retaliate against the tenant.
How Do I Tell My Tenant I Need to Raise the Rent? Remember you're a business. Do your research. Raise the rent all at once or incrementally. Don't negotiate or ask tenants what they think a fair rent increase would be. Be courteous and firm. Find a template you like. Send a formal letter by certified mail.