Broward Florida Modification of a Lease to Extend the Term and Increase the Base Rent
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FAQ
Yes, in most cases, but your landlord must follow any notice provisions required by the lease. Read your lease. Some leases require you to move out at the end of your lease unless other arrangements are made to continue the tenancy. Other leases require the landlord to give timely notice of lease non-renewal.
In Florida, there is no limit to how much you can raise the rent as a landlord.
Under the updated Florida Statutes 83.595, the landlord can execute a condition in the lease to provide an early termination offer to the tenant. The amount should be limited to two months of the required rent. Additionally, the tenant must send in a 60-day notice.
If the lease expired and the tenant won't leave, you'll need to either file an eviction or let the tenant be. If you do nothing, then the tenant will become a holdover tenant as discussed earlier in this post. If you're going to proceed forward with an eviction, be sure to follow all the proper legal procedures.
When a tenant remains in possession of the rental after the agreement term expires they are considered a holdover tenant . Legally, they become a month-to-month tenant and all provisions of the original agreement remain in effect, including the requirement to provide 30 days written notice of their intent to vacate.
According to the Tenant Protection Act of 2019, also known as AB 1482, landlords are allowed annual rent increases of 5% plus the percentage change in the cost of living (Consumer Price Index) per year, up to 10%.
The Miami-Fort Lauderdale-West Palm Beach market posted the largest year-over-year average rent increase at 57.2%. Overall, average rent in Miami stood at $2,988 a month, Realtor.com reported. Orlando was second in the nation with a 35% jump in a year with overall average rent hitting $1,886 a month.
4. How Much Can a Landlord Raise Rent in Florida? There's no limit on how much a landlord can raise the rent on a Florida rental.
A new law being enacted or considered in various communities requires landlords to provide their tenants with at least 60 days' notice before landlords hike up the rent by more than 5%. And the required notice period for eviction is being broadened from 30 to 60 days.
Evicting a Holdover Tenant Similar to normal lease termination, the landlord must provide the holdover tenant with a notice of eviction. In the case of a standard lease, landlords must provide tenants a 3-day notice of eviction for non-payment of rent and a 7-day notice of eviction for violating the lease agreement.
