Can housing associations increase rent?Can housing associations increase rent?
As a tenant of a rental housing the rent is usually one of the most important factors to consider before moving in. Prior to entering a rental housing agreement it is important that you understand questions such as “can housing associations increase rent”?. In this way you are prepared in case your landlord would ask to increase your rent.
Housing associations are most likely allowed to increase your rent. However, there are certain rules that need to be followed in terms of how, and how much, the rent can be raised. Housing rent is closely related to the current market conditions and therefore the housing associations can increase the rent so that it matches the market price. This also means that every country have their own unique laws relating to housing rent.
To understand under what conditions your housing association can increase rent you have to read about the specific rules in the country in question. It is always a good idea to consult with a legal expert that can give you a professional opinion of whether the increase is legally justifiable. If you are facing a rent increase, you need to consider if the new rent will fit in your budget so that you can manage your finances. If not, the option is to search for a less expensive housing that matches your budget.
Read more about increasing rent on "Can apartment rent increase?"