Hello - I have a property in midtown Phoenix that is about 20% under market rents. Does anyone know if I can bring those up to market rents if the tenants want to stay in the property? Is there a certain percent increase in AZ for a property YoY?
Unless there is some sort of government rent control, you can carve what you want after giving notice of rent increase usually 60 day notice.
Only 30 day notice needed in az
This might be helpful. I love the Nolo Press books. I used their CA landlord book. They even have contracts and other forms in them.