What are your landlord business practices for raising the rental amount with the annual lease renewal?
We have several new tenants with one year lease agreements that want to renew with one-year and two-year extensions. We would like to renew the current lease agreements without increase for the one-year agreement. (Not sure what to do with the two-year agreement requests yet.)
Is it better to include a slight increase each year upon renewal or does it depend on factors not being considered? Please advise.