When can the Rent be Raised?

The Residential Tenancy Laws are very specific when it comes to rent raises.

Once a Fixed-Term Lease is signed, the rent CANNOT be raised during the lease term unless it is clearly stated in the terms of the Agreement.

At the lease renewal, it is common for the rent to be reviewed and if market conditions allow, to be raised slightly.

If the Tenants are on a Periodic Agreement, the rent can be raised with 60 days’ written notice to the Tenant.

NOTE – rent cannot be raised within a 6-month period, whether during a Fixed-Term or Periodic Agreement.