Responding to a rent increase
A rent increase can come as a surprise and squeeze your budget quickly. Not all increases are in line with the agreement, however, and you can often negotiate them. In this guide you check the grounds for the increase and decide how to act.
You will need
- Your rental agreement
- The landlord's notice of the increase
- A monthly budget
- Comparison data on rents in your area
Steps
Read the increase clause in the agreement
A rental agreement usually has a clause that says how and when the rent is increased, for example according to the cost-of-living index or by a fixed percentage. In a fixed-term agreement, the rent can usually only be increased in line with the clause in the agreement.
Check the calculation
Check the notice period
Compare with rents in your area
Negotiate
Adjust your budget
Consider moving
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