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    homeimprv's Avatar
    homeimprv Posts: 4, Reputation: 1
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    #1

    May 24, 2007, 02:52 PM
    Rent raise
    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's Avatar
    alkalineangel Posts: 2,391, Reputation: 323
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    #2

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

    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's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #4

    May 24, 2007, 04:00 PM
    Did they sign a lease or is this a month to month?
    homeimprv's Avatar
    homeimprv Posts: 4, Reputation: 1
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    #5

    May 24, 2007, 04:19 PM
    Quote Originally Posted by homeimprv
    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's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #6

    May 25, 2007, 07:55 AM
    You can do whayever you want with 30 days notice.
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