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What if there is provision for a contractual rent increase in the middle of the year?

April 26, 2017contractual increase middle rent year

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What if there is provision for a contractual rent increase in the middle of the year?

1 Answer

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The rate of benefit that your tenant receives is a flat rate allowance based on the LHA rate in effect for your area rather than the rent that you actually charge them. This means that your tenant’s LHA rate will not change even if the rent you charge them changes. However, their LHA rate will be reviewed annually.