How to Notify Households of a Rent Increase

by Daniel Bagliore

As a manager, you have a fiduciary—that is, legal—responsibility to the property owner to ensure that tenant rent is accurately calculated and that residents are given appropriate notice of an increase in their portion of the rent, while simultaneously complying with the HUD regulations. Failure to provide proper notice of a rent increase in certain cases is a violation of the HUD requirements and can have a detrimental financial impact on the property.

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