This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.
Utah Provision Calculating the Rent Increase
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US-OL24017D
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View Details: Notice to vacate by end of rental period (15-day notice to vacate) This notice can be used to end a tenancy that does not have a set end date.
Rent Increase ? Utah does not limit landlords on how much they can increase rent by, or how often. Because there are no rent control laws, landlords may charge whatever they deem acceptable for rent.
UTAH ? A study conducted by real estate experts at RubyHome using Zillow data from 2020-2023 reveals that rent prices in Utah have increased by 36.46% since 2020. The experts used Zillow data that showed monthly rent prices in each individual state as well as urban areas to form a list of averages across all states.
Rent Increase ? Utah does not limit landlords on how much they can increase rent by, or how often. Because there are no rent control laws, landlords may charge whatever they deem acceptable for rent.
People can't get into ownership, so they have to rent or they double up. They're in basements or whatever.? Wood said with Utah's growth and a higher percentage of young people compared to other states, the demand for rentals remains strong.
Landlords are allowed to raise rent by a maximum of 10% every 12 months. That means if the CPI change is above 5%, the maximum increase caps at 10%. ... Let's dive into the local rent control laws that govern much of California: AB 1482. ... Until recently, the CPI increase in many areas of California was 3-4.5%.
The tenant has the right to dwell in a safe and sanitary housing unit. They have the right to have their dangers and issues responded to in a safe and timely manner. They have the right to quiet contentment and they should be given a reasonable notice before the landlord enters their house or premises.
As of 2021, there were 333,437 renter households in Utah representing 30.3% of the over 1.1 million total households. The number of renters in Utah increased by 25.9% between 2010 and 2021. Similarly, the number of homeowners grew at a similar rate of 24.9%.
