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## Seeking Advice on Rent Increase in Melbourne CBD

Hello fellow redditors,

I am reaching out for some advice regarding a rent increase situation my housemate and I are currently facing in Melbourne CBD. Our lease is set to end on the 7th of May, and our property manager has recently informed us of a significant rent increase from $3,042 to $4,345, which is scheduled to take effect on the 15th of May – just after our lease ends. We are quite taken aback by this drastic increase of 43%, and we are questioning the justification behind it.

Upon delving into the details provided by the property manager, we learned that the rent increase is supposedly based on the consumer price index and interest rates. However, our research indicates that the rent index has only increased by 15%, leading us to believe that a 15-20% increase would be more reasonable.

At this point, we are unsure about the legality of a 43% rent increase in Victoria. Is there a way for us to challenge this increase? We are contemplating sending an email to the property manager for further clarification on the reasons behind such a steep hike. In the worst-case scenario, we may need to seek assistance from VCAT (Victorian Civil and Administrative Tribunal).

Your advice and guidance in navigating this situation would be immensely valuable to us.

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AI Legalese Decoder can be a valuable tool in this situation to help you decipher and understand the legal jargon and complex language often found in lease agreements and rent increase notices. By using this technology, you can gain a clearer understanding of your rights as a tenant, the legal implications of the rent increase, and any potential avenues for contesting it.

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