My tenant once told me the house doesnt have a deadlock, but she said the area is pretty safe to live in, so its not necessary for me to install one.
Now she will be signing a new lease next month, can i get the deadlocks installed and raise her rent from $120 to 127?
I think the rent is a bit low at $120.
That’s an expensive deadlock for the tenant. I wouldn’t base the rental increase on that alone. For whos benefit is the deadlock, maybe a ceiling fan or security light would be more useful for them.
As an aside, It might be worth seeing if your insurance premium will reduce by adding deadlocks.
Re the rental increase I would suggest you find out what the rents are for similiar properties in your area and go from there. I don’t know where you are but in the ACT we are restricted to a 5% increase on the rent with an ongoing tenant.
Another consideration is how long has your tenant been there. Are they worth holding onto or do you think they will move if you increase the rent and if so will it be difficult finding another tenant.
BB
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