It is a very difficult market right now with the rentals, that doesnt mean that you cannot negotiate with your property owner. Often, they prefer to keep good tenants, with a lower-than market increase, as they would have to re advertise and relet their property.
My lease is ending soon, can the property owner increase my rent?
As a fixed-term lease comes to an end, the property owner and tenant can negotiate a new agreement. The owner can indicate if they want to continue or end the lease, as can the tenant. They may also let you know they intend to change the rent.
If they want to increase the rent, they need give you 60 days’ notice before the end of the lease. They also need to let you know how much the increase will be.
If your fixed-term tenancy ends and you continue to rent the property on a new fixed-term agreement, or if the lease rolls over into a periodic agreement, the rent increase cannot take effect for the first 30 days of the new agreement.
This means you pay the old rent price for the first 30 days of the new agreement.
Can the property owner increase the rent whenever they like?
No, there are rules around this.
If you are in a periodic tenancy, which has no set end date, rent increases can only occur every six months and you must be given at least 60 days’ written notice stating the amount of the increase and when it will take effect.
If you have a fixed-term agreement, the rent can only be increased during the term of the tenancy if the agreement specifies how much the increase will be or the method of calculating it, such as by a certain percentage. The property owner must give you 60 days’ notice of the increase.
If the agreement allows for rent increases, they can only occur six months after either the start of the tenancy or the date of the last increase.
The mere fact is rent's have hiked up to $535 per week there is a new bench mark.
If you are seeking rents within the Western Suburbs then you can expect to pay a lot more than the out areas of Perth this is just the way it is and because the western suburbs is between river and sea, close to transport it ticks most peoples boxes.
Can I apply without viewing the property?
Unless you view the property you cannot apply for it. You can certainly put your application in early before you view it. You can get a family member to go and view it for you.
I have a pet
Do up a pet regime so that the owner knows the dog that's coming in. Should consist of a photo, sex, breed, age and tell them how good they are in the house.
Just remember you are being looked at from the time you apply for the property and espcially at the home viewing so put your best foot forward.
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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ReplyDeleteInteresting article, thanks for sharing Gill. Can you please confirm the maximum % a PM can increase the rent whilst in a 1 year lease agreement after a 6 month period?
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