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Updated over 2 years ago,
Can I raise rents by whatever amount on mtm tenants in Florida?
Hey guys,
I'm buying a duplex in Lehigh Acres, FL, and inheriting great tenants but their rents are way below market rent. They're currently paying $1,100 per unit when it should be $1,650. I want to offer a rent raise to $1,350 for the first 3 months and then turn it into $1,600.
I have read the entire Florida landlord/tenant statutes listed in leg.state.fl.us and didn't find anything about a maximum rent increase. I know I have to give them 15 days notice because they are month to month.
I just want to double check: does anyone know for sure if there is a maximum rent increase cap in Lehigh Acres, FL?
Thank you!