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Canberra Rental Increase Calculator

Rental Increase Formula:

\[ \text{New Rent} = \text{Current Rent} \times (1 + \text{ACT Increase Rate}) \]

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1. What is the Canberra Rental Increase Calculator?

The Canberra Rental Increase Calculator helps tenants and landlords calculate permissible rent increases according to ACT regulations. It provides a clear estimate of the new rent amount after applying the approved percentage increase.

2. How Does the Calculator Work?

The calculator uses the standard rent increase formula:

\[ \text{New Rent} = \text{Current Rent} \times (1 + \text{ACT Increase Rate}) \]

Where:

Explanation: The equation calculates the new rent by applying the percentage increase to the current rent amount.

3. Importance of Rent Increase Calculation

Details: Understanding rent increases helps tenants budget effectively and ensures landlords comply with ACT rental increase regulations.

4. Using the Calculator

Tips: Enter current rent in AUD and the ACT-approved increase rate as a percentage. Both values must be valid (rent > 0, rate ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: How often can rent be increased in ACT?
A: In ACT, rent can generally only be increased once every 12 months with proper notice.

Q2: What is the current maximum rent increase in ACT?
A: There is no legislated maximum, but increases must be reasonable and in line with market rates.

Q3: How much notice is required for rent increases?
A: Landlords must provide at least 8 weeks written notice for rent increases in ACT.

Q4: Can tenants dispute a rent increase?
A: Yes, tenants can apply to the ACT Civil and Administrative Tribunal if they believe an increase is excessive.

Q5: Are there different rules for fixed-term vs periodic leases?
A: Rent generally cannot be increased during a fixed-term lease unless specified in the agreement.

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