If you plan on calling a rental property in Edmonton home for a long period of time then there is the potential for there to be rental increase throughout your time there. This, of course, is due to all increase that occur in the economy as a whole.
If this is going to happen in the home for rent in Edmonton that you reside in then your landlord has a duty to give you notice. At 911 Homes we make sure that we give notice by letter to tenants that will be seeing an increase in rent. This is to ensure that they know what they are getting into as well as give them the opportunity to opt out and move out.
The amount of advance notice depends on the type of tenancy. An increase is void without proper notice stating when the increase comes into effect. This is fair to both tenants and landlords of a house for rent in Edmonton. Tenants will often face rent increase when it is time to renew the lease.
At 911 Homes we make sure that we give proper notice with enough time for you to make a proper decision. It is not fair to rush a tenant into deciding to extend a contract or to have them unaware an increase is coming, in fact this makes the increase void.
As with all houses for rent in Edmonton, if you stay there long enough there is bound to be an increase in what you have to pay to be there. With a rising economy this is more and more likely to be seen. Just remember these simple requirements above and living in a rental property will be hassle free.
There may be an increase in your rent but it does not mean that you have to agree and renew your rental agreement! By giving warning, your landlord of the Edmonton rental property gives you time to make a decision and figure out what the next best thing for you to do is.