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Thank you for the information and the question. Yes, if the prior lease has expired, the current owner of the property can raise the rent. There is no limit on the amount the rent can be raised. If you are the new landlord and you have not been a landlord before in Florida, it is important that you read the Landlord and Tenant Act so you are aware of all of the sections and what is required under the law. You can see the Act at the following link: http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0000-0099/0083/0083PARTIIContentsIndex.html
If you have clarification questions after you have read the Act, then please feel free to ask. If none, then if you could take a moment to leave a positive rating in the ratings box above, I will receive credit for assisting you today. Thank you
Thank you for your reply. It is important that you read the statute since there are many issues you need to be aware of and it is very lengthy so not subject for me to copy and paste. However, there needs to be notice given 30 days prior to when the next rental period begins. In other words, when, for example the November rent is paid, the tenant would be receiving notice that December rent will be higher.
I'm sorry, but that is not specifically spelled out in the Act. Many other provisions are. That said, since both a tenant and a landlord must give notice of termination of a tenancy no later than 15 days before the end of the rental period. Because of that rule, the courts have held that notice of rent increases must be supplied at least 30 days prior to the increase so that tenants can make arrangements, if they choose, to give notice of termination and to move.