Selling guide
Everything you need to know about rent increases
This is a decision that you need to get right.
AI summary
Landlords must follow specific rules when increasing rent. An increase is only permitted 12 months after a tenancy begins or the last increase occurred, and requires at least 60 days' written notice.
While the law doesn't set limits, the new rent must align with the current market rate. Tenants can challenge what they consider an excessive increase at the Tenancy Tribunal, which will assess fairness based on comparable properties.
You can also request a bond top-up. Clear, professional communication is vital.
1. When should you increase the rent?
2. How can you increase the rent?
You need to provide your tenants with written notice of any plans to increase the rent.
3. How much notice do you need to give?
4. How much can you increase the rent by?
You should base any rent increases on current market rates.
5. What if the tenant thinks the increase is too high?
6. Can you ask for more bond money?
7. How best to communicate rent increases?
Have a question? Need help managing your rental property?
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