When matching listings, look beyond bedrooms and neighbourhood. Floor, lift access, light, noise, terrace, furnishing and condition can justify substantial differences between nearby condos.
If you arrange a condition visit, follow the contract and applicable access requirements. It should not feel like pressure connected to whether the tenant accepts an increase.
After including just one vacant month, the extra €526 takes over six months to recover that lost current rent. Add works, and retention can remain stronger for considerably longer.
True, although the comparison should cover more than the first year. If a lawful increase produces several years of higher rent, the long-term result can still favour adjusting now.
That depends on retention. A reasonable increase accepted by this tenant offers both continuity and some uplift; pushing to the advertised maximum turns it into a vacancy gamble.
I’d give the tenant space to respond rather than requesting an answer during the first conversation. Their reaction may reveal whether the proposed amount genuinely threatens retention.
Also keep rent and condominium charges distinct in the explanation. Combining them into one headline change makes it harder for the tenant to understand what is actually increasing.
At this point the sequence seems clear: verify the contract and notice position, improve the comparable evidence, estimate turnover costs, choose a moderate figure, then communicate it respectfully.
One final weight in favour of retention: the tenant already has a maintenance history with the condo. A new tenant begins with no evidence of how they will report or treat problems.
Has the owner established whether those €3,833 listings actually disappeared because they rented? Without that, the strongest number in the discussion is still the current €3,307 reliably received.
The later comments reinforce Marco’s original arithmetic. The €6,312 annual gap is real on paper, but it is not guaranteed income. Vacancy and a lower eventual agreement could reduce it quickly.
I would set a private walk-away point before speaking with the tenant: the smallest acceptable adjustment, and whether keeping €3,307 is preferable to losing them. That prevents improvising under pressure.
The best outcome may not be “market rent” or “no increase.” It may be a contract-compliant rise that the tenant can absorb, paired with continued responsive maintenance and a clearly documented effective date.