on 19-05-2013 05:13 PM
on 19-05-2013 05:41 PM
on 19-05-2013 05:43 PM
Tenants can lodge a claim (with Tenancy Tribunal) if they think a rent increase is an excessive amount. $40 pw or more?
It wont be unreasonable. We are going to put it up by $20 a week. Still a fair rent for this area and its enough to either push them out or make it worth our while if they decide to stay
on 19-05-2013 05:51 PM
That is reasonable, even more so,considering it hasn't gone up in 4 years. A shame they have gone to the downhill a bit recently.
I realise you do manage the house yourself, but most here that are tenants, lease houses from a RE. As you asked how often does tenants rent go up, the is answer quite often, because the RE is pushing for it, is what I meant. We had 3 $10 inc in one year. A $40 one last year (moved on from there). Also there is an extreme shortage of leased houses here (NSW) and landlords can get $50 p.w. or more when an existing tenant moves out and a new one moves in.
on 19-05-2013 06:02 PM
on 19-05-2013 06:19 PM
There should be clauses in the lease that detail how much the rent can go up and how often it can be increased. If they aren't in the lease, they will/should be covered in the relevant state/territory retail tenancies act.
on 19-05-2013 07:59 PM
You can only increase rent when the lease is up for renewal.
Mine goes up $10 every year...I am happy with that as it was so cheap to start with.
on 19-05-2013 08:10 PM
most certainly where we are the rent can rise without the lease being up
we have been here 4yrs and had one increase of $10
but I wont pay anymore for here as there are lots of units on the rental market here
and we could get much more for our dollar than we do at the moment
on 19-05-2013 09:50 PM
NSW - If tenant on a fixed lease rent can't go up until the end of the fixed term (with proper notice). If on a periodic lease, rent can go up at any time (with proper notice)
on 19-05-2013 09:55 PM
I think Australia should introduce long term rentals.
on 19-05-2013 11:56 PM
we are in our third year in our house and the rent went up once $10 at the end of the first year. we have inspections every six months.