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How many times may a landlord raise rent if you have a year to year lease?
Wiki User
∙ 6y ago
I would think 12 times, because the lease renews month to month, that is what month to month refers to. It doesn't mean how often renters pay, that is always every month. It is a 30 day lease. They can't raise rent without 30 days notification, so they could raise it every month until you punch a hole in the wall and then they could arrest you. Although that's true, there's also a reasonable rent increase statute within NJ. Therefore, legally, the landlord couldn't just keep raising your rent every month. However, you're better off seeking a landlord that will extend to you a six-month or a 12 month lease and put a clause in the lease for a maximum rent increase for a renewal. I don't think this is correct as most states have a guideline percentage that you may raise the rent per year. Many states may have guidelines by which the landlord may raise the rent, but many states don't. As mentioned the landlord must give notice of one rental period before the next rent is due (some landlords charge by the week, something I would be very leery about). So if your rent is due every month then the landlord must give notice of at least one month before the next rent is due. If you're going to rent, lease up: try not to get into a month-to-month situation if you can help it. It should be noted that any terms and conditions of a month-to-month "lease" is only enforceable to the extent that if you pay your rent you get to live there another month, unless you signed an agreement to other terms and conditions, barring unconscionability, that are written on the agreement.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoA landlord can raise rent at a rate determined by the owner of the property. Increases may or may not be detailed in your current lease agreement. Only the landlord can place an amount of rent on property owned by the landlord. It is usually priced according to location and amenities.
Landlord and owner are one and the same.
Wiki User
∙ 11y agoSome states have regulations on how much a landlord can raise your rent per year. In Florida, it's 30%. Other states, on the other hand, don't have such regulations. It then becomes up to the tenant to decide whether he should stay in his home or move out.
Wiki User
∙ 11y agoThe states that I deal with don't have statutory limits on how much the rent can be raised. With a month-to-month tenancy, either party can terminate the current tenancy with at least a full rental period notice. So, the landlord can give notice this month saying that if you want to create a new tenancy (starting with the rental period after this next one), the rent will be more.
Wiki User
∙ 10y agoYour landlord cannot raise the rent within the time periods that a lease is in effect. This means, that if there is a lease in effect for one year, then the landlord may not raise the rent while that lease is in effect.
Wiki User
∙ 8y agoThis depends on the jurisdiction that your property is in. Some places limit the amount and frequency at which rent can be raised. Also, if your tenant is under a lease, you cannot raise the rent during the active lease unless the tenant agrees to it.
I would also advise you against raising rent twice a year, as this will lose you tenants faster than you can believe. No one wants to lose more money out of their pocket. You will notice an increase in your costs of ownership & landlord-ship that do not justify a biannual rent increase.
Wiki User
∙ 14y agoIf there is a lease then the landlord cannot raise the rent for the term of it. But on a month-to-month rent, in most states, the landlord can raise the rent as high as he likes.
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