Annual rent increase

[Anonymous]

In DC - they did not increase our rent for 3 years. We also did not on our condo we were renting out for 2 years. Bozzuto of course increased it like you guys.

[Anonymous]

even on voucher programs, rent is going up because the inspections on voucher programs are more strict and want you to do a lot of others things that were not allowed before.

[Anonymous]

Landlord here, we always put a clause in the lease contract that we will increase rent by 3% or more upon renewal after one year. We’ve usually stuck to 3 percent or slightly less, but at least the tenant is aware of that at signing and one year ahead of time so that there are no surprises.

[Anonymous]

Anonymous wrote:Landlord here, we always put a clause in the lease contract that we will increase rent by 3% or more upon renewal after one year. We’ve usually stuck to 3 percent or slightly less, but at least the tenant is aware of that at signing and one year ahead of time so that there are no surprises.

+1
I do the same thing, but the increase is 4%. If the tenant is really good, I'll waive the increase after the lease expiration (12 months), but will increase the following year.

It's much better than having a conversation every year about a rent increase. So it's expected or it ends up being a relief if I there is no increase.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Landlord here, we always put a clause in the lease contract that we will increase rent by 3% or more upon renewal after one year. We’ve usually stuck to 3 percent or slightly less, but at least the tenant is aware of that at signing and one year ahead of time so that there are no surprises.

+1
I do the same thing, but the increase is 4%. If the tenant is really good, I'll waive the increase after the lease expiration (12 months), but will increase the following year.

It's much better than having a conversation every year about a rent increase. So it's expected or it ends up being a relief if I there is no increase.

Totally agree.

[Anonymous]

anacostia rent increase was 7% for us.