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Section 8 rent increase.. MONTH TO MONTH?
Question..Today is 8/1/24. My section 8 tenant leases is up 9/1/24. Wasnt planning on raising the rent, but with last minute things now Im deciding to raise the rent. What happens at 9/1/24.. can i still raise the rent for 10/1/24 or will the contract renew it self for a year and stay the same amount?
Side note.. If I email my DCA agent right now 8/1 and let know I want to increase their rent.. will it be valid?
Im fine waiting another month with out the increase starting in Oct.. but. I just dont want to be contract to be renewed and be at the same amount for the next year.
thanks