Rhode Island Provision Calculating the Rent Increase

State:
Multi-State
Control #:
US-OL24017D
Format:
Word; 
PDF
Instant download

Description

This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.

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FAQ

Pursuant to RI law, to evict a month-to-month tenant, a landlord must send a 30 day notice to terminate the month to month tenancy. When the 30 day time period expires, then the landlord or the landlord's Rhode Island eviction lawyer may file a complaint for eviction in Providence District Court.

Vermont is the most renter-friendly state, ing to this ranking, while Delaware, Hawaii, Rhode Island, Arizona, D.C., Maine, and Alaska appeared near the end of the renter-friendly end of the spectrum.

MacDougall cited multiple factors helping to drive up rents. They include an increase in the number of people who want to live in Rhode Island following the pandemic, as well as the growing number of buildings being purchased by investors who then raise prices to cover the cost of their purchases.

How Much Can a Landlord Raise Rent By in Rhode Island? In Rhode Island, landlords can raise the rent by any amount and for any reason as long as they give proper notice, don't do so during the fixed term of a lease, and aren't doing so for certain discriminatory or retaliatory reasons.

Charged with enforcing the Property Maintenance Code, inspectors respond to complaints by tenants, emergency responders, neighbors, and elected officials, and perform routine inspections. The Code Enforcement Division enforces the Property Maintenance Code of the State of Rhode Island.

There is no rent control in Rhode Island, so a landlord is free to set the rent at whatever s/he decides. You and the landlord can agree on the date that rent will be paid. If your rent is more than 15 days late, you can be evicted for non-payment and the landlord can use a quick court proceeding.

A landlord must provide a tenant with a written notice 30 days or more prior to the effective date, for a rental increase for a residential tenancy that is on a weekly or monthly basis. With longer tenancies it is 30 days prior to expiration of the current rental agreement.

Whenever infestation exists in two (2) or more of the dwelling units in any dwelling, or in the shared or public parts of any dwelling containing two (2) or more dwelling units, extermination is the responsibility of the owner.

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Rhode Island Provision Calculating the Rent Increase