When Can I Do a Rent-Increase in Alberta

Millions

Inspired Forum Member
Registered
Oct 6, 2007
182
3
18
Calgary, Alberta
#1
So, I signed up my tenants up to a one-year lease last May. From what I understand, I could have raised it then, but because we were travelling, I didn't want to deal with a potential tenant-loss just for a $100/mo increase. However, now I think the lease is automatically month-to-month right? Until a new lease is signed?

So, do I now need to give 3-months notice for a rent increase?

What if I wanted to move in, also a 3-month notice?
 

Sherilynn

Real Estate Maven
REIN Member
Oct 22, 2007
2,780
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Edmonton
www.qdhomequest.com
#2
Rental increases can be done 365 days or more after the last increase (or the start of tenancy).

In a fixed term lease, rental increases must be done at the start of a new lease. In a periodic tenancy, 3 full months' written notice must be given.

So your options are to give notice of a rent increase starting October 1st or to sign another fixed term lease with the new rent. You could offer the new fixed lease at a $100 increase or the October 1st increase of $175. That should encourage the tenant to sign another fixed lease (if that's what you want).
 
Likes: Tina Myrvang

Millions

Inspired Forum Member
Registered
Oct 6, 2007
182
3
18
Calgary, Alberta
#3
Thanks. That's what I thought. Because I didn't raise it right at lease end, now it's a 3-month wait.

What about if we want to move in? Same thing? 90 days?