Can you tell me the correct procedure to increase rent. I have a tenant whose lease is up and the landlords wish to increase the rent for a month to month tenancy. Do they sill have to give a 60 day notice even though the lease is no longer in force? I am managing the property for out os state landlords.
It depends on the amount of the increase. If it is more than 10% you must give 60 days. If it is less than 10% you can give 30 days. This is assuming you do not have a property that is subject to Section 8 or rent control regulations. It is also assuming the tenants don’t have a lease that has a clause that provides for longer notice and has a clause that says that holding-over will be deemed month-to-month on the same terms, in which case the notice in the lease would still be required.
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