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Increasing Rent in a Fixed-Term TenancyWhen a landlord and tenant make a fixed term agreement to rent a place to live, it is up to them as to whether the rent will increase during the tenancy. If it is to be increased that fact should be clearly stated in the agreement with details as to how the increase will take effect. Where a fixed term tenancy is for a long period, a landlord might want to be able to increase the rent after a period of time. You should carefully consider terms in a fixed term agreement that allow for rent increases, to ensure that you are not agreeing to something that you will not be able to do in the future.If there is nothing in a fixed term agreement that says the rent will increase then it will remain at the same rate during the agreement. As of April 24, 2007, rent increases are limited to once per year. Even if a rent increase occurred before April 24, 2007, one year must elapse before rent is increased again. When a fixed term tenancy has expired, the landlord and tenant may make a new agreement. The new agreement can include an increase in rent if it is agreeable to both parties. If the parties do not agree on an amount for rent, they will be unable to form a new tenancy agreement. May 2007
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