Are there restrictions on how much I can charge for rent on my condo unit?

Yes, there are restrictions to how much you can charge to rent a condo unit in New Hampshire. According to New Hampshire condo law, a landlord is not allowed to charge more than “the fair market value,” meaning the amount of money a willing tenant would pay to rent the unit, taking into account the condition and location of the property. Additionally, landlords must abide by all local, state, and federal laws regarding rental pricing, and keep in mind any local rent control restrictions as well. The New Hampshire Residential Landlord and Tenant Act states that landlords must post their rental rates in a “conspicuous manner” in the unit or on the building. Furthermore, it states that any increase in rent needs to be communicated to tenants at least 10 days before it goes into effect, in writing. If a tenant fails to pay rent by the due date, landlords are allowed to impose a late fee. However, the amount of the late fee must be specified in the rental agreement. In order to ensure that you comply with condo law in New Hampshire, it is important to be familiar with the local, state, and federal regulations, as well as any local rent control restrictions that may apply. It is also a good idea to be familiar with other laws such as the New Hampshire Residential Landlord and Tenant Act. By understanding these laws, you can be sure that you are not violating rental pricing laws when setting the rent for your condo unit.

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Are there restrictions on how much I can charge for rent on my condo unit?

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