What you should do if you want to increase rent?

You will definitely find out that the rates of various things increases as the time passes by. You might go to any mall and then find out that the rates of rice and even sugar has increased. What will you do in this case? You will definitely feel that your salary should increase. If you are a landlord then you will definitely feel that the rent should also increase. Your real estate tariff bill will definitely increase.

Hence one cannot really think that the rent should not be increased. As a landlord you have all the rights reserved to increase the rent. If you will not increase the rent then you will definitely find out that you are in loss.

But it is not as easy to implement. If you are going to raise the rent then the tenant will definitely question. You will have to prove in front of the tenant that you are right and the rent should definitely be increased. However it is definitely right to say that it is very hard to implement. There are many reasons behind it. Some of the reasons are as follows:

1. The first point is the fear of disagreement. The tenant will definitely not agree to what you will say to him.

2. He will also fear that you might to cheating him.

3. You might also fear that the tenant will not agree and he might leave your house.

4. You might have good relationship with your tenant and this might be the reason why you do not want to fight with the tenant. If you will increase the rent then the tenant will definitely not agree and you will lose good relationship with them.

5. You might also fear that it would be very hard to deal with the tenant.

However you will have to agree that you will have to increase the rent. You can increase the rent by putting some facts and survey in front of the tenant. Suppose you are able to prove that the rates of all the daily use products are increasing then you will definitely be able to satisfy the tenant. He will definitely have to agree on what you are saying. There is certainly no point why he will disagree. Thus you will be able to increase the rent and this is what you are required to do.

Hence, if you want to increase the rent then there is only one way and that is to prove that you are right at what you are doing.

What to look for when renting an apartment
Noncompliance with a rental agreement by the tenant