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December 21, 2007, Newsletter Issue #60: Rent Increases
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Tip of the Week
The landlord has the right to increase the rent, but must follow certain guidelines in doing so. For a tenancy at will or month by month, you must end the tenancy and notify the tenant at least one full rental period in advance, or under terms of the housing agreement. For a tenant under a lease, landlords’ may only increase the rent after the lease expires, unless the lease states otherwise. Carefully read the lease agreement and it is a good idea to discuss rent increases before signing the lease.
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