The Landlord Protection Agency  
Main Menu, Landlord Protection Agency homepage Membership With The Landlord Protection Agency Free Landlord Services Member Services  
Taxes go Up, Can rent? - Landlord Forum thread 197014







Free Landlord Newsletter





FREE BONUS Forms Disk for
2 -5 year LPA Members




Excuses!

Taxes go Up, Can rent? by e (Uath) on February 19, 2010 @17:52

                              
So our property taxes went up this year by $50 dollars, the county our rental is in just added a $14.74 a month police fee, which must be paid, and it is rumored garbage prices are about to go up. Our tenants already pay $20 less then our mortgage and with all these unplanned increases we are really biting the bullet. But we signed a one year contract. Do we have to wait till the year is up to raise the rent?
[ Reply ] [ Return to forum ]

Re: Taxes go Up, Can rent? by Ultimate M-bone on February 19, 2010 @17:58 [ Reply ]
If you are locked into a lease, you are locked into the rent amount until the lease expires. Unfortunantly this is the way it goes.
Re: Taxes go Up, Can rent? by Jack on February 19, 2010 @18:02 [ Reply ]
Yes, unless your lease provides for utility increases, you have to wait till the lease is up, but you must give proper written notice.

I would use a simple Lease Renewal form to raise the rent.

Re: Taxes go Up, Can rent? by Anonymous on February 19, 2010 @18:03 [ Reply ]
And, watch the dates in your lease as to notice - if you wish to increase the rent before the lease term is up you frequently must give the tenant 30 or 60 days notice.
Re: Taxes go Up, Can rent? by Anonymous on February 19, 2010 @18:09 [ Reply ]
You can only raise your rent to the limit that people are willing to pay. It has nothing to do with your garbage bill or the amount of your mortgage.

Check-Out
Log in

Look-up
Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Realty Brokers
Landlord Articles
Tips & Advice
Tenant Histories

Other Areas
Q&A Forum
Free Forms
Essential Forms
Landlord Tenant Law
Join Now
Credit Reports
About Us
Site Help



Contact The LPA

© 2000-2014 The Landlord Protection Agency, Inc.

If you enjoy The LPA, Please
like us on Facebook The LPA on Facebook
Follow us on Twitter The LPA on Twitter
+1 us on Google