Increase of rent - guidelines

stella

Registered User
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Dear All,

I am renting my property since 2 years with a lease contract signed in June 2014. I would like to increase the rent, what are the rules?

Many thanks
Stella
 
The RTB has produced a helpful template notice of rent review:-
[broken link removed]

You should err on the side of caution in calculating the 90 day notice period - add a few extra days to be on the safe side.
 
New amendments to the legislation on Rent Increases and Notices of Termination effective from 4th December 2015

by PRTB | Dec 04, 2015

The new changes regarding rent certainty:

1. The duration between rent reviews has been extended from 12 months to 24 months. This measure will have effect for a period of 4 years from enactment of the relevant provisions, after which the duration between rent reviews will revert back to 12 months. This measure has been introduced upon commencement of the new legislation on the 4th December 2015.

Change: A Landlord (or Receiver) can only seek a review of the rent once in any 24 month period and cannot increase within 24 months of the commencement of the tenancy. For example, if a landlord issues a Notice of Rent Review on or after the 4 December 2015, a further Notice of Rent Review may not be served until 24 months have passed from the date of the prior rent review notice. The amendments also have a form of retrospective effect. Therefore, if a rent review occurred during 2015, the next review may not occur until 2017.

2. The period of notice of a new rent has been extended from 28 days to 90 days.

Change: If a landlord is seeking to review the rent, they must serve notice on the tenant, in writing, providing 90 days notice before the increase is due to take effect. The new period applies to any notice to increase rent served on or after the 4 December 2015. Any notice served prior to this date will be subject to the previous 28 day period.

Some examples:

1. A landlord reviews the rent of a dwelling on 1 January 2016 by serving a 90 day notice of rent review indicating that the change will take effect from the 1 April 2016. A subsequent Notice of Rent Review can not issue until 1 January 2018 and must also provide 90 days notice prior to the change taking effect.

2. A landlord has reviewed the rent of a dwelling on 3 December 2015 (prior to the commencement of the new legislative changes), and served a 28 day notice that the rent was to increase on 1 January 2016. The next rent review notice can not issue until 3 December 2017 and would additionally have to provide 90 days notice prior to the change taking effect, which would be 4 March 2018.
 
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