What is the percentage that rent can be raised at one time?

Full question:

My wife and I rent an apt. Three months ago our former landlord sold the house we live in. Our rent was $275.00 per month. We never had a lease with the prior owners. The new landlord never asked for a lease agreement. In October this year, the new landlord told us that the rent was to be increased from $275.00 to $350.00 per month. Can she increase the rent by that much of a percentage? If not, what is the percentage?

Answer:

Please see the information at the following links:


https://www.pabar.org/clips/rentingahome.pdf

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

In Illinois, if a landlord does not wish to renew a lease, they must provide written notice. For month-to-month tenants, the notice period is generally 30 days. For leases of longer duration, the notice period may vary based on the terms of the lease. Always check your lease agreement for specific requirements.