The Residential Tenancies Act Prescribed Terms state: ‘The amount of the rent shall not vary from period to period except as provided for in the agreement and The Residential Tenancies ACT.’ and ‘The rent may not be increased at intervals of less than 12 months from either the beginning of the tenancy agreement for the first rental increase, or after that, from the date of the last increase.’
At Maloney’s, you can generally expect your rent to be increased every 12 months. We will always give you at least eight weeks’ notice, and this will be aligned with your normal rent due date.
We will increase your rent using the formula provided in the Residential Tenancies Act, which the tribunal uses to determine fair increases. This ensures that the rental increase is deemed fair, taking into consideration the current CPI (Consumer Price Index).
If you believe that the increase is excessive or would like to offer a lower amount, please advise us in writing, and we will contact the lessor for further instructions. If an agreement cannot be reached regarding the increase, you may apply to the tribunal to have the matter heard by a registrar. The tenancy agreement states that you must do this before the increase comes into effect. The registrar will issue an order that both parties must adhere to.
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