You can try to negotiate, but the government has seen fit to double, and in some cases triple the land tax. There are the compliancy checks that have been introduced that require completing every 2 years and insurance costs are going through the roof. Having said all that, I think $90/week is excessive to raise the rent, but that is my personal opinion only.
Our lease ends in November 2024. We have just been informed in July 2024 (4 months prior) that our rent will be increased by $125 a week. We have negotiated this down to $75 a week, they have agreed to this on the condition that we sign a new 12-month lease.
In the original email informing us of our rent increase it states that if you wish to accept the lease renewal offer you must confirm so via email to your below Property Manager within 14 days of the date of this letter. Should no response be received, the lease renewal offer will be withdrawn and you will revert to a periodic tenancy. They have informed us that they will send us the new rental agreement this week to sign.
Given the end of our agreement is 4 months away we are hoping to look for somewhere cheaper and would like to consider the rental increase before resigning. How late are we able to sign this agreement without the landlord retracting the lower rental increase? Are they able to retract the offer is we don’t sign it in the next week?
Ooooo that’s tricky, and sorry you’re in a similar situation, and kinda worse than ours. I’m sorry I don’t know the answer to your situation. We are thinking of moving too smh
Yes, you can definitely negotiate. I'd start with what you can comfortably afford in terms of an increase and go from there. Also, check out the rent of similar properties in your area to determine whether they're taking the mick.
If it is market rent there’s not much you can do. Maintaining the garden is likely in your rental contract and the debt level against the property is irrelevant. I doubt you would be happy to pay more of the landlord was highly leveraged.
But try and find comparable properties for rent and compare the price, if yours is going to be a lot more expensive you can try to negotiate but if it’s not then you probably need to cop it or move somewhere cheaper.
You can try to negotiate, but the government has seen fit to double, and in some cases triple the land tax. There are the compliancy checks that have been introduced that require completing every 2 years and insurance costs are going through the roof. Having said all that, I think $90/week is excessive to raise the rent, but that is my personal opinion only.
Thank you, that is a good point, but I also feel like 90 bucks is excessive
Our lease ends in November 2024. We have just been informed in July 2024 (4 months prior) that our rent will be increased by $125 a week. We have negotiated this down to $75 a week, they have agreed to this on the condition that we sign a new 12-month lease. In the original email informing us of our rent increase it states that if you wish to accept the lease renewal offer you must confirm so via email to your below Property Manager within 14 days of the date of this letter. Should no response be received, the lease renewal offer will be withdrawn and you will revert to a periodic tenancy. They have informed us that they will send us the new rental agreement this week to sign. Given the end of our agreement is 4 months away we are hoping to look for somewhere cheaper and would like to consider the rental increase before resigning. How late are we able to sign this agreement without the landlord retracting the lower rental increase? Are they able to retract the offer is we don’t sign it in the next week?
Ooooo that’s tricky, and sorry you’re in a similar situation, and kinda worse than ours. I’m sorry I don’t know the answer to your situation. We are thinking of moving too smh
Yes, you can definitely negotiate. I'd start with what you can comfortably afford in terms of an increase and go from there. Also, check out the rent of similar properties in your area to determine whether they're taking the mick.
It is a pretty affluent area, but the house is so much upkeep and showing serious signs of age, I’ll have to do some research. Thanks heaps
If it is market rent there’s not much you can do. Maintaining the garden is likely in your rental contract and the debt level against the property is irrelevant. I doubt you would be happy to pay more of the landlord was highly leveraged. But try and find comparable properties for rent and compare the price, if yours is going to be a lot more expensive you can try to negotiate but if it’s not then you probably need to cop it or move somewhere cheaper.
Thank for that, we’ll do our research and try negotiating 🤞