Landlords can’t increase rent on fixed-term tenancy agreements, unless it has been written into the agreement.
Once the agreement has finished however, you can choose to move the tenant onto a periodic or rolling lease and on these types of agreements, rent can be increased with more frequency.
In NSW, there is no limit to how often you can increase rent, however you must provide the tenant with 30 days notice.
In the NT, you only need to provide tenants with 30 days notice.
There isn't a set percentage by which rent can or can't be increased, however consider the following when determining the amount:
* Market rents for similar properties in the area
* The conditions of the property
* Levels of repair to the property and how much you will have to spend
* How much time has transpired since the last increase
* Your proposed increase compared to the current trend
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Tuesday, 2 July 2019