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Rent increase - is it legal?

My landlord has just notified me that he is increasing the rent to cover 'increased costs and interest rate rises. My rent is currently £740 per month and he wants £800 from september. My landlord has done absolutely no work on the property in the entire 4 years that I have lived here, and I feel a bit aggrieved by this . I thought after the last load of interest rate rises back in the 90s it became illegal to raise the rent to cover interest rate rises. Can anyone shed any light on the matter? Thanks Sarah

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Sarah
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Comments

  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    It would seem reasonable for your LL to increase the rent for whatever reason if you have 2 months' notice.

    Remember, you can, and should, negotiate. A good tenant should be able to get a good deal.

    NAPNOC - No agreeable price, No contract.

    :)

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    Hi Sara,

    I think there's two choices here;

    1. Call his bluff and say you'll move out. A rental void will cost him a packet.

    2. Meet half way at £770 if he'll carry out maintenance. This increase would be in line with inflation and is quite reasonable.

    Asking for an increase twice above inflation due to interest rate rises is not acceptable in my book.

    Unfortunately, your landlord sounds like a typical johnny-come-lately.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • pcwilkins
    pcwilkins Posts: 306 Forumite
    At the end of the day it's a free market, and providing he gives the required notice it's legal. It's his house, after all, and he can charge whatever he wants. But it's definately worth negotiating with him --- he won't want to lose a tenant who lets him get away with not maintaining the property for 4 years!!

    Peter
  • saraharrow
    saraharrow Posts: 197 Forumite
    Thanks for your responses, I may try and negotiate but I am just not the negotiating sort, I cant haggle to save my life. Well maybe I could in those circumstances, lol
    Sarah
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    saraharrow wrote: »
    Thanks for your responses, I may try and negotiate but I am just not the negotiating sort, I cant haggle to save my life. Well maybe I could in those circumstances, lol

    I hate haggling too; the secret is to find an nicer place for the same money or less. Then you have a good reason to move out, with only convenience holding you back.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • Gingernutmeg
    Gingernutmeg Posts: 3,454 Forumite
    Part of the Furniture Combo Breaker
    We've just had a similar problem with our landlord - she wanted to increase the rent by over £100 pcm, taking the rent way beyond what other properties in the area are going for. She's done absolutely no maintenance since we've been here, telling us that 'I'll make a profit anyway when I sell so I don't need maintain the property'. She wasn't willing to negotiate so we've handed in our notice. She seems to think that she'll get some 'young professionals' in the flat, but I'm not sure that young professionals will want a shower that only works when you put a peg on the tap ...
  • saraharrow
    saraharrow Posts: 197 Forumite
    I Hope you will be taking the peg with you when you leave Gingernutmeg, lol
    Sarah
  • Gingernutmeg
    Gingernutmeg Posts: 3,454 Forumite
    Part of the Furniture Combo Breaker
    I thought I'd leave it but either spray it silver or paint it magnolia, so it attracts the 'young professional' market ;)
  • saraharrow wrote: »
    I Hope you will be taking the peg with you when you leave Gingernutmeg, lol

    Don't! The peg probably gets a specific mention on the inventory.
    I can spell - but I can't type
  • Gingernutmeg
    Gingernutmeg Posts: 3,454 Forumite
    Part of the Furniture Combo Breaker
    Don't! The peg probably gets a specific mention on the inventory.

    Nope, we provided the peg :) However, according to the inventory I do have to replace 'two plastic ice cream tubs with dead plants in' that were on the balcony when we moved in lol.
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