View Full Version : Rent raise
homeimprv
May 24, 2007, 02:52 PM
I have a couple and their daughter rent two bedrooms in my house since Dec 2006 at the rent $500.00 for each room. When can I raise the rent and what is the maximum percent can I increase ?
Thanks.
alkalineangel
May 24, 2007, 02:54 PM
You can raise it once their contract/lease is up. I don't know about the maximum percentage increase..
ScottGem
May 24, 2007, 02:57 PM
That depends on local laws. If you are just renting out rooms, you probably aren't covered by most rental laws.
ballengerb1
May 24, 2007, 04:00 PM
Did they sign a lease or is this a month to month?
homeimprv
May 24, 2007, 04:19 PM
I have a couple and their daughter rent two bedrooms in my house since Dec 2006 at the rent $500.00 for each room. When can I raise the rent and what is the maximum percent can I increase ?
Thanks.
No lease signed.
ballengerb1
May 25, 2007, 07:55 AM
You can do whayever you want with 30 days notice.