How often do you experienced rent increment?

[hastral45]

Rent increment is a persistence phenomenon experienced by tenants. It is common for some landlords to increase their rents annually. While some increase their own at the renewal of tenancy.
Rent increment has caused lots of havoc to the mutual relationships between the tenants and their landlords and this has led to series of litigation in the court rooms.

 

[cherry123]

Yeah It is common for some landlords to increase their rents annually. but seme do theirs in a very annoying way you just be having renewal every other year. it can be very annoying

 

[Springtime]

Since I own my apartment, I do not need to pay any rent. In most cases, landlords here increase the rent once every two or three years, depending on the terms of the tenancy agreement.

 

[gammarays]

Landlords do increase rents when they see that inflation cost is high. You won't blame them in some cases because rents is their means of livelihood. If they increase to what I can't afford, I move to another apartment.

 

[uptrendfinancialsignal]

Landlords do increase rents when they see that inflation cost is high. You won't blame them in some cases because rents is their means of livelihood. If they increase to what I can't afford, I move to another apartment.

It is true and that is how the landlord increased rent which is a very unpleasant sometimes and it makes life unbearable for people

 

[IB D]

Most landlords increase the rent based I the general economic reality of the time. And that is done most times yearly. There has been a 20% increase on my rent this year from last year. That's what we tenants face.

 

[Shavkat]

It is usually per year. In my case, the landlord does not increase it so far. It is because we did not sign a contract that we should be in such a situation.

 

[Heatman]

This is something that varies from one house owner to another because there is no specific time they usually increase rent but according to the discretion of the house owner.

 

[Stardom22]

Sincerely speaking we do experience rent increaments in every year mostly here in my country. However most landlords have become very greedy as majority of them would increase the rents without even making renovations.

 

[IB D]

In my property, I implement a rent increment every two years. That is because I am considerate enough not to bombard my tenants with rent increments every year. Some people. Ale it a culture to increase rent every year.

 

[Suba]

It's not surprising to me, when I live in a boarding house, the rent costs will always go up every year, and in general the boarding house owners also increase the rent rate for new residents, as well as when I rent a business property every year they will increase the rent rate, so reduce profit margins.

 

[uptrendfinancialsignal]

Rent payment should not be done at even every 2 years because it will be too much of a pressure on the tenant.

 

[hastral45]

Landlords do increase rents when they see that inflation cost is high. You won't blame them in some cases because rents is their means of livelihood. If they increase to what I can't afford, I move to another apartment.

Increasing rents because of high rate of inflation in the country is not a genuine cause at all. Inflation would never come down. Does that meant that landlords must be increasing their rents exorbitantly because of this?. Landlords should remember that they are not the only persons affected by the high cost of living. Tenants are equally affected. Landlords should not transfer their economic burdens on their tenants.

 

[Starmix]

The rent increased only takes effect basing from the contents of the Memorandum of Agreement.Usually rent increases after 5 years. I'm basing this in the renter of my property that I inherited. from my my parents. I do not know in your case.

 

[Heatman]

In my property, I implement a rent increment every two years. That is because I am considerate enough not to bombard my tenants with rent increments every year. Some people. Ale it a culture to increase rent every year.

Personally I believe that it is too early for landlords to increase their rent every two years because they don't give their tenants time to actually grow on their own financial status..

 

[Stardom22]

In my country the landlords take advantage of the inflation to increase the rent for houses. This is not even fair because the real estate business is not as badly affected by the inflation as other businesses in fact.

 

[IB D]

Personally I believe that it is too early for landlords to increase their rent every two years because they don't give their tenants time to actually grow on their own financial status..

The truth is that you won't blame landlords when they decide to increase their rents because the cost of everything is increasing almost on a weekly basis. They are operating on the same economy with everyone else.

 

[Stardom22]

I think they are not supposed to increase the house rents for like three times in a year. This is because they accomplished the building processes and all the logistics long gone time where the inflation rates were very low.

 

[hastral45]

I think they are not supposed to increase the house rents for like three times in a year. This is because they accomplished the building processes and all the logistics long gone time where the inflation rates were very low.

It is wrong to increase rents either twice or thrice in a year. Rent is allowed to be increased annually.
In some States in Nigeria, there are rents edicts promulgated by law which is meant to prevent arbitrary increase of rents. The law is there to protect the interest of both the tenants and their landlords.

 

[arunima]

A rental agreement should be well drafted in the presence and with the consent of both tenants and landlords. Such things are clearly mentioned there. People should make sure that they have a legal rental agreement to avoid any kind of conflict and ugly situation in the future.