Frequently Asked Question: What Is The Limit On Raising Rent in Florida?

Jon, for a few last years the rent went down here, but now it is going up. I think you are right about the market, that sets the limit.

Jon - I meant the 3% cap on residential property taxes, you're right there being no 3% CAP on rental property tax.

What I am thinking is that someone told the tenant about the 3% cap on residential property taxes and the tenant either did not understand or is confused and thinks it also applies to rent.

I know what I'm trying to say but not sure if I explained it right - reading the FL Landlord/tenant law will do that to your brain...

Few states or localities have rent control and as Jon indicates - the rental market will dictate the amount a tenant pays.

I've had 3 rental residents not renew their lease looking for CHEAPER housing and when they factor in the COST OF MOVING, they want to renew their lease with me! 

Jon, 

Great Q & A post.  Rent can go up here as much as the market will bear.  Typically current tenants might see slighly less of an increase than some other new renters will see.  Keeping a good tenant makes sense for all and making it a win-win is a good thing for all. 

All the best, Michelle

Jon - I misread the part about the MTM...you are 100% correct.

I have to give the guy points for creativity, though...what's that old expression "If you can't dazzle 'em with brilliance, baffle 'em with bu!!$h!t...

Jon - I have a good friend who is also an immigrant and, while he speaks excellent English, we sometimes have a communication barrier when I lapse into American slang...makes for some interesting conversations...

Jon - I'm sure your English is way better than my Russian (which I don't speak at all)! You seem to have adapted very well to English as a second language...maybe some day we can meet and I will introduce you to my friend. I think you two have a lot in common.

Jon - That is what I used to tell my friend...he is actually from the Ukraine. I don't recall the exact location I think but he still feels a little like a stranger in a strange land sometimes so would probably love to meet a fellow countryman.

Yes, we are neighbors. I am just down the road from you, it is about 1-1/2 hour drive if you are a power driver. I am not but I used to have a business associate in your area who would come down this way for lunch occasionally. He always said it was an easy drive if you miss the rush hour traffic. We will have to work out details some day soon.

Let me get in touch with him and see how his schedule looks. I will drop you an email as soon as I talk with him. Thank you!