Stephen A. Martin, Attorney at Law
Call Today For A Consultation
636-487-4097
Menu Contact
View Our Practice Areas

Raising the rent on your rental property

Rental properties can often be lucrative investments (which is likely the main reason why you have chosen to manage your own in Saint Charles). Maximizing your ROI on a rental property requires charging the right amount of rent. While you do not want your rent prices to be prohibitive, you also want to charge enough to make owning and maintaining the property worth your while. This leads to the question of when you can legally raise a tenant's rent. Many come to our team here at Stephen A. Martin Attorney at Law with this same inquiry. The answer depends on the situation you are in. 

If your tenant has done nothing to violate the law or the terms of their lease agreement (and your reasons for raising the rent are strictly financial), then you can only raise the rent after their lease agreement has expired. That applies only cases where you have a written agreement. Oral agreements between you and your tenant are only considered valid from month-to-month. In such a situation, you would only need to give the tenant one month's notice before raising the rent. 

According to the Office of the Attorney General of Missouri, there are certain scenarios in which you are allowed to double the rent without needing to first inform your tenant. These include: 

  • If the tenant allows another to take over the property without your permission
  • If the tenant refuses to leave the property after their lease has expired
  • If the tenant subleases the property without your approval

You can learn more about your rights as a landlord by continuing to explore our site. 

No Comments

Leave a comment
Comment Information
Email Us For a Response

Tell Me About Your Situation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Address Map
Footer Brand
map icon Location

330 Jefferson Street
Saint Charles, MO 63301

Toll Free: 877-224-9742
Phone: 636-487-4097
Fax: 636-949-3732
Map & Directions

phone icon Contact