When to negotiate change in rental rate?

[Kelonguni]

Hi, if we have signed a rental agreement for 2+1 years, when is a good time to negotiate rental increases? Is it after 2 years? After 3 year? Or is it appropriate to increase after 1 year or 1.5 year? Median rents have been rising so much and my unit should be better furnished than the average units in the area.

[chiaberry]

Hi, if we have signed a rental agreement for 2+1 years, when is a good time to negotiate rental increases? Is it after 2 years? After 3 year? Or is it appropriate to increase after 1 year or 1.5 year? Median rents have been rising so much and my unit should be better furnished than the average units in the area.

Please read your Tenancy Agreement. There should be a clause in it that states if the rent can be revised after the 2 years. Usually the rent cannot be incrased within the initial 2 year period. Too bad if the rent goes up during this period. It is one of the things that you have to bear with as a landlord.

You can also phone up your agent and double check with him/her.