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Raising rent?
My parents want to raise the rent for their tenants. They are tenants at will and my parents live in the same house. Is there a limit as to how much they can add to the rent? For example if it were $1000 could they raise it to $1200 or $1300 or can it only be in increments of up to $100? We live in Boston, MA. Thanks.
5 Answers
- realtor.sailorLv 77 years ago
Unless you're in a rent controlled district there is no limit to rent increases. However if you increase to the point the rent is higher than comparable properties you could loose the tenant.
- ?Lv 77 years ago
You can charge as much as your tenants are willing to pay. They have the option to move out if they don't like your rent increases.
- Anonymous7 years ago
They could plead their case unto King Obama.
- Anonymous7 years ago
raise it whatever you want...