Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Legal / Rent Agreement / Can a New Owner Raise Rent?
Q.

Can a New Owner Raise Rent?

view 115Views

5 months

Comment

1 Answers

Send
0 2024-06-04T11:17:10+00:00
⤺ Reply
Wondering if can a new owner increase rent? When a new owner takes over a rental property, they cannot raise the rent immediately. Instead, the following rules apply:

  1. Existing Tenancy Continues: The change in ownership does not create a new tenancy. The existing lease or rental agreement remains in effect.

  2. Waiting Period: The new owner must wait for 12 months after the previous rent increase before raising the rent again.

  3. Notice: The tenant must be given a 90-day notice before any new rent increase takes effect.

I hope this answers your query about can a new building owner increase rent.

Get Your Rental Agreement Delivered At Your Doorstep. Choose NoBroker Rent Agreement Services! Read more -

How much you can Increase the Rent?

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

I Want My Shop To Be Rented for Bank ATMWhat is the difference between sales agreement and sales registration?What is the Unregistered Sale Agreement Validity Period?How much is stamp duty and registration in Mumbai?Can a Property be Registered in Two Names?How is betterment charges/improvement charges calculated for an apartment? Is it calculated based on UDS or the Built Up area? Is it a one time payment? And if the BC/IC is paid by the builder for land before construction do we need to pay it again for apartment?Can GPA Holder Register Property in His Own Name?What is the difference between the registration of agreement of sale and sale deed?What happens when someone dies before completing an agreement to sale an immovable property?Difference Between Sale and Exchange?See All

Recently Published Questions

What are the Property Buying Rules?What are the Documents Required for Flat Transfer?How to Sell a Property to a Family Member?How Long Does It Take to Get Patta in Chennai?What is the cost to register a gift deed?What is the process of cancellation of the Sale Deed?What is the difference between contract and agreement?What is Sale Deed Registration?How to Stop Someone Selling Your Property?How to Get Consent Deed for Mother Deed?See All

Authors Of The Question

profile
Kamal95

0 Total Answers


0


profile

Recently Answered Questions

What are the Allianz Packers and Movers Chennai Reviews? What are the Sriram Packers and Movers Chennai Reviews? What is the Gravity Cargo Packers and Movers Bangalore Review? How to Check IDBI Home Loan Balance? Can You Paint Door Handles? What is the Best Flooring for a Commercial Office? Can a New Owner Raise Rent? How Much Leave Encashment is Tax Free? What Is Tamil Nadu Rent Control Act? What Is Tamil Nadu Rent Control Act?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners