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I do appreciate living in your property but I believe my budget cannot handle a rental increase at this time. I really do not want to move properties due to my budget being limited and my options are limited.
Regarding tenancies-at-will, Massachusetts law mandates that landlords provide tenants with at least 30 days' notice before raising rent or if longer, a period equivalent to the frequency of rental payments. Suppose the rent is paid every three months. In that case, the landlord must give the tenant 60 days' notice.
You must give the tenant the Notice of Rent Increase at least 90 days before the date you will increase the tenant's rent. machine in their home, send it by courier, or ? send it by mail. You cannot give the tenant this notice by posting it on the door of the tenant's rental unit.
Illinois does not have a rent control law. Therefore, your landlord can raise your rent as much as he/she deems necessary. However, you should contact your local units of government to see if your city or county has a rent control ordinance.
Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period.