Rent Increases and Decreases
To get the most out of rental property investments, investors are always waiting anxiously for a chance to
be able to increase rental payments.
There are, however, certain laws and rules for every locality
regarding increase...
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Rent Increases and Decreases
To get the most out of rental property investments, investors are always waiting anxiously for a chance to
be able to increase rental payments.
There are, however, certain laws and rules for every locality
regarding increase and decrease of the rental amount to protect the rights of both landlord and the tenant.
For better property management Gold Coast, landlords often takes the services of property managers as
these professionals are more aware of the particular laws regarding increase and decrease of rental
payments and are also more close to the market to understand the changing trends.
There are certain rules that are to be followed regarding increasing rent.
Rent cannot be increased before
at least a six month period after the current amount of rent became payable.
Before increasing the rental
amount, it is required by the lessor or the agent to give two months notice in writing.
In this written
notice, the lessor or agent has to mention the inc
Less
