Rent falls in real terms!

Orpheo

Just had a call from my landlord as my 12 month tenancy is coming to its end. He has agreed to my request for a rolling tenancy, as we are looking to purchase a house I don't want us to be tied down for another 6 or 12 months. On the subject of rent he said that he has no intention of raising it as we have been good tenants and he'd rather have the house occupied by good tenants than raise the price. I'm already paying £50 less than rents on similar properties. Following the missus' recent payrise and considering current inflation it seems that the landlord is taking a cut in real terms. I told him that I really appreciated it.

It seems that not all landlords are greedy chancers out to screw over their tenants.

doire_2

Orpheo wrote: »

Just had a call from my landlord as my 12 month tenancy is coming to its end. He has agreed to my request for a rolling tenancy, as we are looking to purchase a house I don't want us to be tied down for another 6 or 12 months. On the subject of rent he said that he has no intention of raising it as we have been good tenants and he'd rather have the house occupied by good tenants than raise the price. I'm already paying £50 less than rents on similar properties. Following the missus' recent payrise and considering current inflation it seems that the landlord is taking a cut in real terms. I told him that I really appreciated it.

It seems that not all landlords are greedy chancers out to screw over their tenants.

Good for you. But i thought rents were soaring everywhere!!!!!

PasturesNew

On the other hand, if you'd not had a payrise and if the missus had left you and if he'd put it up £75 you'd find you couldn't afford it and rents were unaffordable.



"Real terms" is always an odd thing I find. Based on statistics, but everybody's circumstances are different. Many people have taken a pay cut in the last year, many people have had to move and the LL is asking a higher rent for the new tenants than they did the old ones.

A couple of years back I was looking for a flat and a friend had just left a 1-bed flat, he said it's still empty, have a look. He had been paying £365/month, which I thought was good... so I looked it up, LL was now asking for £425/month - and if I look now he's asking £500/month.

In the 27 months I did rent, my rent didn't go up once, but the LL was then advertising it for 10% more than I had been paying.

chucky

doire wrote: »

Good for you. But i thought rents were soaring everywhere!!!!!

some one explain to doire that one rental property not increasing rent doesn't mean the whole rental market...

Orpheo

PasturesNew wrote: »

On the other hand, if you'd not had a payrise and if the missus had left you and if he'd put it up £75 you'd find you couldn't afford it and rents were unaffordable.



"Real terms" is always an odd thing I find. Based on statistics, but everybody's circumstances are different. Many people have taken a pay cut in the last year, many people have had to move and the LL is asking a higher rent for the new tenants than they did the old ones.

A couple of years back I was looking for a flat and a friend had just left a 1-bed flat, he said it's still empty, have a look. He had been paying £365/month, which I thought was good... so I looked it up, LL was now asking for £425/month - and if I look now he's asking £500/month.

In the 27 months I did rent, my rent didn't go up once, but the LL was then advertising it for 10% more than I had been paying.

I agree with most of your post.

Why does everyone on here seem obsessed with the risk of their wife leaving them?

doire_2

chucky wrote: »

some one explain to doire that one rental property not increasing rent doesn't mean the whole rental market...

Sarcasm is “a sharp, bitter, or cutting expression or remark; a bitter jibe or taunt.” [1] Though irony is usually the immediate context[2] most authorities sharply distinguish sarcasm from irony,[3] however others argue that sarcasm may or often does involve irony[4] or employs ambivalence.[5]

Lynsey

Orpheo wrote: »

Why does everyone on here seem obsessed with the risk of their wife leaving them?

Maybe it's just hope.................a higher risk at Xmas time allegedly.

Lynsey

PasturesNew

Orpheo wrote: »

I agree with most of your post.

Why does everyone on here seem obsessed with the risk of their wife leaving them?

Because they're on the Internet all the time and the missus has had enough. 30% of time on MSE, 70% on !!!!!! sites.

JonnyBravo

Orpheo wrote: »

Just had a call from my landlord as my 12 month tenancy is coming to its end. He has agreed to my request for a rolling tenancy, as we are looking to purchase a house I don't want us to be tied down for another 6 or 12 months. On the subject of rent he said that he has no intention of raising it as we have been good tenants and he'd rather have the house occupied by good tenants than raise the price. I'm already paying £50 less than rents on similar properties. Following the missus' recent payrise and considering current inflation it seems that the landlord is taking a cut in real terms. I told him that I really appreciated it.

It seems that not all landlords are greedy chancers out to screw over their tenants.

A good landlord.... like plenty of others.
My tenant has had decreasing rent in real terms (ie same price) for the last 3 years. Good tenants deserve good rents. I'm more than prepared to take the cut in real terms in return for a good tenant.

:beer:

JonnyBravo

doire wrote: »

Good for you. But i thought rents were soaring everywhere!!!!!

Yeah, just like when they were crashing a few months before that.
Try living in the real world. I know it's not as exciting as your headline driven frenzy, but there's a lot to be said for a quieter pace.

Logie143

My LL is a dream.
Went over to fix her computer last night and she forced me to stay for a steak dinner, and take a 6pack away as payment.

They aren't all mean!