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.
Pennsylvania Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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FAQ
Ten months into the year, rents in Philadelphia have risen 2.9%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to October 2022 rents had increased 4.7%.
In Pennsylvania, a landlord must return the security deposit within 30 days of the end of the lease and the tenant moving out. Pennsylvania also requires security deposits over $100 to be deposited into an escrow account.
Generally, Pennsylvania is considered landlord-friendly. There are a few state-sanctioned policies, like rental fee limits and entry notifications. Also, eviction laws tend to be attractive to landlords.
Index Lease - A type of graduated lease in which the periodic rent increase are tied to increases in the consumer price index, or some other economic indicator.
In Pennsylvania, a landlord must return the security deposit within 30 days of the end of the lease and the tenant moving out. Pennsylvania also requires security deposits over $100 to be deposited into an escrow account.
Under the right to a safe and habitable home, a landlord cannot force a tenant to move into a home or unit ?as-is? and cannot demand that the tenant be responsible for repairs. To be safe, and habitable, a unit or home should have: Working smoke alarms. Working hot water.
How Much Can a Landlord Raise Rent in Pennsylvania? Pennsylvania has no statewide legislation regarding rent control, so you can increase rent as much as you see fit. However, you cannot raise the rent in retaliation because the tenant exercised a legal right or filed a complaint of discrimination.
Pennsylvania Landlord Tenant Law protects both tenants and landlords by establishing basic regulations for the rental of residential property. Rental issues such as repairs and maintenance and eviction procedures are governed by Landlord Tenant law.
