1. What is Rent Review?

Rent review is a process where the rent for a residential property is reassessed, typically resulting in an increase based on market conditions or contractual agreements. This calculator helps determine the new rent after applying a specified percentage increase.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Current Rent — The existing rental amount
• Increase Rate — The percentage increase (e.g., 5 for 5%)

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

3. Importance of Rent Review

Details: Regular rent reviews help landlords maintain rental income in line with market rates and inflation, while providing tenants with predictable and justified rent adjustments.

4. Using the Calculator

Tips: Enter the current rent amount in dollars and the percentage increase (without the % sign). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How often should rent be reviewed?
A: Typically annually, but this depends on local laws and lease agreements.

Q2: Is there a maximum rent increase allowed?
A: Many jurisdictions have rent control laws limiting increases - check local regulations.

Q3: Should the increase rate include inflation?
A: Many landlords consider inflation plus property-specific factors when determining increases.

Q4: How should the new rent be communicated?
A: Typically with written notice as required by local tenancy laws.

Q5: Can tenants negotiate rent increases?
A: Yes, tenants can often negotiate, especially if the increase seems unreasonable compared to similar properties.