rent increases

[donquixote]

can someone give the rules and laws on getting your rent increased. is there a time given, is there a amount or % allowed.

in canada, i know we have to give 30 days notice from the first of the month and the amount for residential is prescrbed by law each year as a % allowed.

[El Rey de Mangu]

Originally Posted by donquixote

can someone give the rules and laws on getting your rent increased. is there a time given, is there a amount or % allowed.

in canada, i know we have to give 30 days notice from the first of the month and the amount for residential is prescrbed by law each year as a % allowed.

Generally speaking:

When the lease is up, you give the renters a heads up that you're going to jack the rent. Or, one may go to renew and find out he's jacking the rent and never warned you. You can stay or you can go rent elsewhere.

You can't touch the rent rate during the a given contract term.

A management company "may" have their own policy, so you need check that out ahead of time. Individual owners do more or less as they please in terms of raising/lower rents between contract periods.

There "may" exist caps on rent increase %s, but I personally have never heard of such a thing.

[jorgesarduysousa]

On some leases that you sign they may be a clause that says they have the right to increase 10% per year

[MikeFisher]

Originally Posted by Pig

I can't tell you the figures but rentals have gone sky high over the last year. I lived in a nicely secured appartment self contained, pool, gardeners, laundry services, private parking etc etc etc. This same property this year has gone up %25, plus bills ontop that were inclusive before.

People can't handle it, hence lots of people moving down the coast now before the prices go crazy there also.

I'm not going to say where it is as this is unfair to those scrapping a living from this as we all seem to be these days.

wow,
surprised to hear.
while rents skyrocketed here in PC during 2007 and 2008 in 2009 they went downhill like crazy.
last year it would have been a lucky shot to find a 2 bedroom house with garden not-furniched for less than 600-800US$.
now you can get 2 bedroom houses with commune pool, partly and sometimes full furniched, starting at $360.- per month, and many are empty, so they will not get up soon.
i seem to remember to read a longer while ago on an other thread that rents can be increased by up to 10% per year, but couldn't find the posts with the search function now.
basically, law or not, it is handled like described above:
the landlord informs you about a increase a month ahead of time and you have the option to accept or move, independend on%%% of the increase.
Mike

[J D Sauser]

Mike is right. Rents can go up, up to 10% by law, but only if BOTH parties agree! And one would also like to think that this would be meant for rents in local currency (which depreciates historically).
As I have dared to wonder before, nobody has yet been able to tell me what happens if the tenants show a lack of enthusiasm for a rate hike, in other words, a mutual agreement is not reached.
Many landlords misinterpret the law thinking they can hike the rent 10% just automatically. They can't. But they could make a tenant's life miserable... and on the other hand, a tenant can make being a landlord a loosing business too.

Prices: Some landlords have eventually started to read the numbers on the wall and lowered their rents, as Mike indicated. Others, mainly some misguided local would be landlords, have raised them, arguing that they haven't made a buck in years and now need more .

Rents have gone up in the past 18 months in some regions hardest hit by the mortgage crisis raging in other countries like the US, where a lot of people lost their homes and had to become tenants. More tenants = higher rents. But that's not an explanation which fits this market here.


... J-D.

[Fabio J. Guzman]

The law restricts rent increases. This is from a former post.

Dominican law is very protective of tenant rights. The owner cannot just raise the rent at will. He would have to go through a lengthy administrative procedure. If the owner refuses to accept the rent, the tenant can deposit it at the nearest Banco Agricola.

[El Rey de Mangu]

Originally Posted by Fabio J. Guzman

The law restricts rent increases. This is from a former post.

Dominican law is very protective of tenant rights. The owner cannot just raise the rent at will. He would have to go through a lengthy administrative procedure. If the owner refuses to accept the rent, the tenant can deposit it at the nearest Banco Agricola.

Doctor, is this to mean during the lease term or between lease terms for a "renewal"?

Thanks,
G

[badpiece33]

Originally Posted by Fabio J. Guzman

The law restricts rent increases. This is from a former post.

Dominican law is very protective of tenant rights. The owner cannot just raise the rent at will. He would have to go through a lengthy administrative procedure. If the owner refuses to accept the rent, the tenant can deposit it at the nearest Banco Agricola.

The landlord can not raise the rent unless you agree to pay the raise!!! Read what Fabio has posted. If the landlord refuses to accept your rent,you simply deposit the funds in the banco agricola and the landlord will spend months or years attempting to collect this rent.

[El Rey de Mangu]

Originally Posted by badpiece33

The landlord can not raise the rent unless you agree to pay the raise!!! Read what Fabio has posted. If the landlord refuses to accept your rent,you simply deposit the funds in the banco agricola and the landlord will spend months or years attempting to collect this rent.

Yes. However, that's not the WHOLE story, because it cannot possibly cover major capital improvements during a multi-year lease.

It depends.

Telling someone to "go read" another post is a waste of time. Better to say nothing than to contribute rhetoric.

But thank god you were there to advise. Sorry, the issue stands still.

[MikeFisher]

what issue stands still|?
for a raise of the rent there need to be the agreement about the max of 10% per year rent raise between landlord and tenant.
that agreement is not been reached, so the tenant pays still the old rent to the landlord.
if the landlord refuses to accept the payment b/c he thinks he is entitled to more, the tenant can deposit the rent(old amount, not the raised one) to the banco agricular stated by Sr Guzman, that means he paid his rent according to his existing contract and by following all rules.
what the landlord can do aboput it?
he can try to cancel the existing contract, to do so he needs to notify the tenant by written letters about that and there are timeframes etc etc involved to get a punctually paying tenant outtha house.

and the landlord gets a heck to get his rent deposirted at the banco agricula.
Mike