Under the recent changes to the residential tenancies act, introduced in 2020, we have to abide by very specific instructions regarding rent increases.

We MUST provide a minimum 60 days notice to the tenant of the rent increasing (41.1a&1b)

We can write an increase into a new lease, so long as the tenant is provided with a minimum of 60 days notice for the increase (41.2 note)

We are not allowed to increase the rent more than once in every 12 months (41(1B) & 42(2A))

It is important that you as the landlord keep these things in mind, so that when you are having a discussion with our office about rent increases, that these are the laws that we need to stick by.

As always, if you would like to discuss this with me, please feel free to give me a call at the office on 63525125.

***All clauses noted above are from Residential Tenancies Act 2010