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Updated about 1 year ago on . Most recent reply

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9
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3
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Jeffrey Audije
3
Votes |
9
Posts

Raising the rent and adjusting the contract

Jeffrey Audije
Posted

I have a tenant who is now transitioning into long-term from a mid-term renter. I'd like to raise the rent but I'm not sure how I go about making amendments or addendums to the contract. I'd like to raise the rent because their utility usage has become costly. 

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418
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159
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Matthew Morrow
  • Investor
  • Pennsylvania
159
Votes |
418
Posts
Matthew Morrow
  • Investor
  • Pennsylvania
Replied

Not sure on CA laws, but for us in PA-
Check your current lease for any rent adjustment clauses. Research local landlord-tenant laws for raising rent guidelines. Communicate the reasons to your tenant transparently. If both agree, draft a lease addendum detailing the new terms and get it signed by both parties. Always keep records.

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