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A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
A recent query asked about an upcoming 50% increase on their rent in Skagit County, and whether such a huge increase is even legal. ... to give tenants at least 60 days notice of rent increases ...
A tenant and landlord may sign a letter of intent prior to signing a lease agreement to stipulate rental rates and all regulations of the future tenancy. [ citation needed ] In the solicitation of US government grants, a letter of intent is highly encouraged, but it is not required or binding, and does not enter into the review of a subsequent ...
For a commercial tenancy of more than a year, the new tenancy is year to year; otherwise, the tenancy lasts for the same length of time as the duration under the original lease. In either case, the landlord can charge a higher rent, if the landlord, before the expiration of the original lease, has notified the tenant of the increase.
A slowdown would be a welcomed change for renters who saw median rents jump 6.2% last year and 15% in 2021 — the two highest growth rates in a century, according to Yardi Matrix, which is ...
The only aspect of a shorthold which allows the tenant some control over the tenancy is the right of the tenant to refer the rent initially payable to a rent assessment committee, however it can reduce the rent only if it is "significantly higher" than the rents under other comparable assured shortholds. In this unusual scenario, the landlord ...
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