Rent Increase Guideline

The Rent Increase Guideline is a limit set by authorities on how much landlords can raise rent annually. It helps protect tenants from excessive increases while allowing landlords to adjust rent fairly in response to rising costs. The guideline is usually a percentage based on economic factors or inflation and applies to most residential leases. Landlords must follow this limit unless certain exceptions apply. This regulation promotes fairness, stability, and predictability in rental housing, ensuring tenants are not unexpectedly burdened with steep rent hikes.