Asked by j***@gmail.com
I am just starting out as a HDB flat landlord and renting out 1 bedroom to a tenant. May I know if I am able to legally increase the rent before the term is up in case of increased cost that make it unsustainable at the current rental price as our lease to the tenant is 2 years and what is a goodwill notification period before I officially increase the rent and do a change of lease agreement with my tenant? I am planning to include a clause in our agreement which includes allowing me to increase the rent if I notify the tenant 60 days before that. Do let me know, thank you for the help.
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