As a landlord, can I raise my rent?
Yes, as a landlord, you can increase the rent, but not without cause. The most common method is through indexation, whereby the rent can be adjusted annually based on the cost-of-living index (inflation and increases in the cost of living). This can only be done on the anniversary of the lease, and you must notify the tenant in writing.
In addition, there are certain situations in which a rent increase is possible, such as after improvements to the property (e.g., renovations or energy-saving measures) or when the value of the property increases by at least 10% due to changes in the neighborhood. In these cases, as a landlord, you must demonstrate that the property’s value has actually increased. Note that all increases must comply with legal guidelines, and if a tenant disagrees with the increase, they may file an objection.
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