Hi guys, In regards to rent increases in NSW, I understand you have to give the tenant 60 days notice for the rent to be increased. If a fixed term lease ends on say January 1 2018, can the rental increase be given 60 days prior (circa 1st of November 2017) so that on the 1st of Jan the new rent kicks in? or do you have to wait until the fixed term is over to issue the rent increase? Thanks in advance
60 days prior notice + postage (4 days not including today). So by post to be effective on 30/3/18 would need to be mailed today. Email has been approved for service of notice in NSW. Fair Trading website has a template for service of a rent review in word format.
Check out THIS link here. Rent cannot be increased during a fixed term lease unless the lease covers a period of more than two years, in which case there are provisions for rent increase.
Thanks for the replies guys. @Tom Rivera so does that mean notice for a rental increase cant be given during the fixed term period even though the rental increase will come into effect on the first day after the fixed term ends?
Not in NSW - just provide the required notice otherwise it is a fixed rent for X months (lease term) plus 60 odd days. Can't increase in the fixed term but on day one of the new term or holdover.
That’s right, you give notice during the fixed term for the rent change to come into effect at the end of that fixed term.
