As a tenant, you expect certain requirements when applying to rent an apartment or residential dwelling. These requirements can include a background check, providing personal information, references, etc. The landlord will look at this information and determine if you are a fit for their property. One aspect to consider when renting a property is a rent increase. Over time, the landlord may decide to increase your rent based on environmental factors, such as the area becoming more sought after. Whatever the case may be, it is important to understand how to handle the situation.
Receiving a Notice of Rent Increase
By law, your landlord must provide you with a notice that the rent will be increasing. Time should be provided to allow you to look for another apartment or accept the increase. If your landlord decides to increase your rent without notification, then you may have the right to legal action. The course of action you take will be determined by the local laws of your region.
Once you receive this notice, look it over and see if you feel the increase is fair. If the increase breaks any terms of your rental agreement, discuss these terms with your landlord. You can also choose to discuss the change with your landlord and see if they might reconsider. The landlord does have the right to increase the rent, but if you plan on leaving and they value you as a tenant, they may reconsider.
It never hurts to ask for the rent to stay the same or to see a slightly less increase than what is being suggested. If the amount is too high for you to afford, talk to your landlord. Discuss how this will be difficult for you and how you wish to stay. The landlord may be willing to work something out with you.
As the tenant, it is important to handle the rent increase with tact. Be respectful of your landlord and have an open dialog about how you feel about the increase. if they respect and value your tenancy, they will be willing to work with you on the rental increase.