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Landlords can increase the bond when they increase rent. When lawfully increasing the rent, the landlord may ask the tenant to pay extra bond money based on the number of weeksâ bond charged in the tenancy agreement. For example, the rent goes up by $10 per week. The tenant paid 3 weeksâ rent as bond money.
In order to calculate the percentage of the rent increase, you need to know the lowest rent that your landlord charged you during the preceding 12 months, and the total of the new increase and all other increases during that period. EXAMPLES: 1. Assume that your rent is $500 per month due on the first of the month.ome tenants have leases. If you have a lease, your rent cannot be increased during the term of the lease, unless the lease allows rent increases. Many tenants have periodic rental agreements â for example, a week-to-week or a month-to-month rental agreement.