Hi everyone,
I'm the tenant of the small motel and the landlord has proposed rent review.
The landlord did not increase the rent past 4 years and the proposal is 4% increase.
The landlord says "Inflation over the last 4 year period has run at over 11%" so this increase should be fair.
I'm not sure where the landlord get 11% from but from what I can see on RBNZ calculator that CPI Housing is about 3%
I assume commercial rent might be different so I would like to get your general view on this proposal.
Thanks in advance.
I'm the tenant of the small motel and the landlord has proposed rent review.
The landlord did not increase the rent past 4 years and the proposal is 4% increase.
The landlord says "Inflation over the last 4 year period has run at over 11%" so this increase should be fair.
I'm not sure where the landlord get 11% from but from what I can see on RBNZ calculator that CPI Housing is about 3%
I assume commercial rent might be different so I would like to get your general view on this proposal.
Thanks in advance.
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