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Updated over 1 year ago, 06/15/2023
Can you bank increase Section 8 rents from multiple years?
I understand that Section 8 tenants can have the rent raised a certain % each year. I am wondering if I don't raise the rent for a few years, can I bank the increases into one year? For example, Let's say I am allowed to raise the rent by 2% a year for Section 8. If I don't raise the rent for 3 years, can I then bank that increase and raise rent by 6%?