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Notice of rent increase: How much notice do you give?
I came across an article (link below) about a proposed bill (HB355) in Utah that did not make it out of committee that would include among other things a requirement for landlords to give 60-days notice for rent increases. As matter of practice, how much notice do landlords in the BP community give their tenants of a rent increase? I am of the belief that more time is better and allows better planning for both landlord and tenant.
Utah senators kill compromise bill giving tenants more notice of rent increases
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Quote from @Trino Martinez:
I came across an article (link below) about a proposed bill (HB355) in Utah that did not make it out of committee that would include among other things a requirement for landlords to give 60-days notice for rent increases. As matter of practice, how much notice do landlords in the BP community give their tenants of a rent increase? I am of the belief that more time is better and allows better planning for both landlord and tenant.
Utah senators kill compromise bill giving tenants more notice of rent increases
I do 30 days on mine and I don't raise rents more than once per year.
I don't think the government should get more involved in property management.
I am pretty sure under our current governance we have gone backwards by about 30,000 housing units and it is only getting worse. It is time for our legislators to get out of the way and let us build homes without all the strings they're tying to different incentives.