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Updated over 3 years ago,
How much can I raise rent (in CT)?
Hello,
I was wondering how much I can raise the rent in CT. Let’s say, hypothetically, I have a renter paying $1,000 a month for rent. However, I have seen similar rentals going for as much as $1,650 for rent. Now I’m not saying I want to jack the price up $650 for rent, but I also am not trying to give this place away when I know it can make more
On a side note, I want to make sure that this rent raise does not come off as retaliatory. Call it poor timing or whatnot, the tenant had a complaint (that they did not notify me on but that’s a separate story). Given I have evidence this is closed, how can I avoid being called out on retaliation in the form of a rent raise? Again, that is not the reason why I want to raise the rent, I am just trying to get closer to market prices (~$1,200 and $1,300)
Michael