Increasing rent can be a pain-point for landlords and requires thoughtful consideration of the current market, your relationship with your tenants and the long-term repercussions of the action. These are some of our thoughts on rent increases and how to approach them.
Know Your Rights and Responsibilities
Before making any adjustments to rent, landlords must understand their obligations by law.
In New South Wales, under the Residential Tenancies Act 2010 and Residential Tenancies Act Regulation 2010, a landlord can only increase rent if written notice of 60 days is given and in the event tha... Read more