KGC Properties LLC ~ Property Management & Real Estate In Tucson!

head_left_image

If My Rent Goes Up - Does Everything Else?

First - EVERY STATE HAS DIFFERENT LANDLORD TENANT LAWS - make sure to know what is legal in your state - this  post is general information.

On a lighter note - just because your landlord raises your rent - doesn't mean they will raise the quality or make improvements to the unit you live in!

Now the post- if your landlord increases your rent - does that mean they can increase everything else, i.e., security deposits, last month's rent, etc.?

Probably!  Typically, if landlords increase rent - they also increase security deposits and last month's rent (if you paid it) to equal the new rent. BUT it must come with proper notice, be in writing, in accordance with your current lease, and unless a provision in your lease states otherwise, rent and deposit increases take effect and must be collected when a new lease is signed.

In Arizona, a landlord can increase your security deposit at the same time your rent is increased but it has to be in writing - and the amount of security deposit a landlord can collect is one and one-half the rent amount. 

In these circumstances, here is what a landlord typically cannot do:

  • Raise your rent during the current leases term (unless there is a provision in your current lease that allows it)
  • Collect a higher last months at another time other than when the new lease is signed.  In other words, if the landlord didn't ask for additional money upfront to put towards your last month's rent deposit, they can't come back later and ask for it.
  • Deduct rent increases that weren't in writing or collected ahead of time - out of the security deposit when a tenant moves out.

On another side note, in Arizona (and this is different for every state so check your laws), tenants cannot collect, be reimbursed or apply interest earned on security deposits toward last months rent.  Interest earned on these monies legally belongs to the holder of the bank account, aka, the landlord.

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

Comment balloon 5 commentsGabrielle Kamahele Rhind • April 03 2013 06:17AM
If My Rent Goes Up - Does Everything Else?
share
First - EVERY STATE HAS DIFFERENT LANDLORD TENANT LAWS - make sure to know what is legal in your state - this post is general information. On a lighter note - just because your landlord raises your rent - doesn't mean they will raise the… more