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    Misubuffy's Avatar
    Misubuffy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 16, 2007, 09:56 PM
    Increasing business rent
    We were just given written notice that the rent would increase $150.00 beginning November 1. I managed apartments for 15 yrs but that was 20 yrs ago but I remember we had to give 30 days notice before we could increase the rent. Not certain if this was also true in business rentals. We live in Arkansas.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Oct 17, 2007, 06:06 AM
    Hello M:

    It ALL depends on your lease. Commercial leases are not covered by your state landlord tenant act.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Oct 17, 2007, 06:11 AM
    Is there a lease in effect? If not, then the landlord can raise the rent when he wants to. The notice requirement woiuld be for termination of the lease.
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