This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Connecticut Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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FAQ
Can the landlord raise my rent? If you have a written lease that has not expired, your landlord is not allowed to raise the rent during the lease unless the lease says so. If you don't have a written lease, your landlord can propose to raise the rent at any time.
The Fair Rent Commission law has existed for 50+ years. About two dozen Connecticut towns and cities have Fair Rent Commissions, which require minimal overhead, but cities like Waterbury, Middletown, New London, Meriden, and Norwich still don't have them.
Section 47a-15a - Nonpayment of rent by tenant: Landlord's remedy (a) If rent is unpaid when due and the tenant fails to pay rent within nine days thereafter or, in the case of a one-week tenancy, within four days thereafter, the landlord may terminate the rental agreement in ance with the provisions of sections ...
Connecticut saw the third largest decrease in rent price growth in the country in the last few months, behind New Hampshire and Louisiana, ing to the study. The median rent in Connecticut is $2,000, with a year-over-year cost increase of 1.19%.
Yet current Connecticut law puts no limits on how much landlords can raise rents. California, Oregon, and more than 200 municipalities have some form of rent stabilization. Four states protect tenants from no-fault evictions, meaning landlords need an actual reason to tell someone to move out.
The past 18 months have seen faster increases in rent prices nationwide and in Connecticut, a result of low vacancy rates, slowed construction and overall inflation, experts said.
Any landlord who has received a security deposit in an amount that exceeds one month's rent from a tenant who becomes sixty-two years of age after paying such security deposit shall return the portion of such security deposit that exceeds one month's rent to the tenant upon the tenant's request.
If a tenant needs to vacate the premises due to fear of imminent harm to themselves or a dependent due to family violence or sexual assault, the tenant may give 30 days' written notice and terminate the lease without penalty (CS § 47a-11e).
