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What's the highest a landlord can raise rent in Michigan?
It's my understanding that, in Michigan, a landlord can raise rent a "reasonable" amount as specified in the lease. It's usually 5% a year, but is it legal to go more, say 10%?
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Originally posted by @James O'Neill:
There is no limit. Michigan does not control rents like New York and California. The Lease is an agreement between the Landlord and tenant. If both parties agree - it is enforceable.
The state of CA puts no limits on rent. Only cities with rent control and there are only a handful of those. The only limit outside of rent control, is if you raise the rent over 10% and they've been living in the unit over 12 months, you have to give 60 days notice instead of 30 days notice.
But, otherwise, you can raise it a million bucks as long as you're not in a rent-controlled city. And even in the rent-controlled cities, not all rental properties are under rent control - depends on the age of the building, etc.
People like to think CA is really anti-landlord, but it's not.