So actually not the 4% increase for profit, but a way to have her and her dog move out, but not actually tell her "you go now". Which could also be why you like the M T M rental agreement. It gives you the flexibility to tell her to go without actually telling her to go.
I understand she does not have a well trained animal and with children on the property,anybodies but yours especially, you want the dog gone. Dogs reflect the requirements of their owners, so she has not trained a member of her family!~ Now she must suffer the actions of that untraining she neglected or refused to do. A 4% increase gives both of you a way to save face and allow her to leave and you to give her a rental recommendation based on you raised the rent and she left. Never had a problem with her before that!
As a regular practice for tenants that do not have any issues, this would be a shady way to raise the rents before a 1 year anniversary of renting. Certainly legal with your rental agreement, but not a landlording prectice I would want my name associated with!
On Animals, I own 2 large dogs and heaven help you if you tried to enter my house at any time I was not there. But if I am home, they will follow you around looking for treats and pets! Good training and knowing their boundaries!
Loved "the move in fee converts to a damage deposit after 12 months" fix above. So stealing that!
