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A tenant refuses rent increase and payment term changes: What to do?
Dear Sir/Madam,
I purchased a property in December 2022 and served the eviction notice on January 9, 2023. The current tenancy agreement is set to expire on June 30, 2023.
I want to modify the payment terms for the new contract, effective from July 1, 2023, to January 8, 2024 (the end of the eviction notice), changing from 12 checks to 1 for the six-month period.
Additionally, I intend to increase the rent by 20% as I believe the existing tenant is paying 60% less than the current market rate.
The tenant refuses to accept these changes and wishes to renew the lease with no alterations.
Where do I stand in this situation?
RERA provides varying information each time I seek clarity.

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