How To Raise Rent On A Tenant?

Hey,

Are you worried about receiving a call from your landlord about an increase in rent or a change in the conditions of the rental agreement? You need not worry as landlords have to follow the guidelines of  rent control act. They can't make arbitrary decisions about the rental agreement or rent increase. Everything is given in writing in the rental agreement. 

How to raise rent on a tenant?

The tenant should be notified in advance about the rent increase. Landlords shouldn't increase the rent and expect a higher rent payment in the same monthly cycle. Landlords should notify the tenants thirty days in advance about the impending change. This will allow the tenant to decide whether they want to move out or pay the higher rent amount.

How much you can increase the rent?

According to the laws, a landlord can increase ten percent rent after a remuneration cycle of two years. The Rent Control Act which was passed by the Government of India in 1948 has rules which are followed by people in Delhi, Maharashtra, Karnataka, etc. 

Details about tenancy rent increase have been given in the  Draft Model Tenancy Act which was launched in 2015. This also ensures the tenants don't overextend their welcome and stay in the property beyond the period mentioned in the rent agreement or conduct any illegal activities within the premises. 

This is all from my end on how to raise the rent on a tenant

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The price of things have been rising for a long time for which rents are also to be increased to cope up with the crisis. During covid we had made our rent 50% than what was expected as we knew that everyone was going through a crisis so such a burden should not be levied upon them. However, from January 2022, we were planning to increase the rent. My father did not know how to do it or what factors should be taken into consideration so he asked his friend,

how to raise rent on a tenant? He listed out some important aspects and upon much consideration, we did raise the rent. Let me share with you what they are.

• The cause for increasing the rent, for us it was mainly due to cost of living expenses and also since the maintenance charge increased for us as well we had to increase the rent

• Our tenant has been living here with his family for 5 years so we opted for a 5% increase of the rent fee. If you want to increase more, you need to tell as well as justify the reasons but it is better not to hike the rent too much or they will leave your house soon

• Be sure that you are not violating the terms of the agreement when you are increasing the rent or they can file a case upon you for violating the terms of the agreement

• Inform your tenant beforehand about the hike. We informed them about it on March that there will be a increase on their rent fee and that shall start from May

We also had a talk with some landlords and gathered an idea about the rent in that area so will suggest you to do the same. 

I hope now you have an idea about how to raise rent on a tenant and what factors are to be looked upon before doing it.

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