How can I increase the rent for my tenants?

In the District of Columbia, you can increase rent for your tenants in accordance with the DC Tenant’s Rights Act. Under this law, you can increase rent by no more than 10% per year with prior tenant approval. It is important to keep accurate records and receipts of all payments, as well as any written agreement about the rent increase. In order to increase the rent, you must notify your tenants in writing at least 45 days prior to the rent increase. This notification should include the amount of the rent increase, as well as the date on which it will take effect. The document should be signed and returned by the tenant as proof of agreement to the rent increase. If a tenant does not agree to the rent increase, you can initiate a process called Arbitration for Rent Determination. In this process, the rent increase is negotiated between the landlord and the tenant before a third-party mediator. The mediator will decide the new rent amount based on the evidence provided by both parties. Finally, it is important to be aware of the Fair Housing Act, which prohibits landlords from discriminating against tenants on the basis of race, color, religion, sex, familial status, national origin, or disability. This means that you cannot create different rent amounts for different tenants based on any of these characteristics. In conclusion, it is possible to increase the rent for your tenants in accordance with the DC Tenant’s Rights Act. In order to do this successfully, you must follow the necessary steps outlined in the Act. Additionally, you should always be aware of the Fair Housing Act to avoid any discriminatory practices.

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