what does the law say about increasing rents

Deals_2

thanks in advance

prudryden

If your tenancy is for a fixed period of time (known as 'fixed term'), such as six months or a year, your landlord cannot increase the rent until the fixed term ends. The only exceptions to this are if you agree to the increase (using a special form if you are a regulated tenant) or there is a clause in your agreement saying that the rent will be increased.
Assured shorthold tenants

If you are an assured shorthold tenant your landlord will be charging you a 'market rent'. Market rents are affected by the availability and cost of other similar accommodation in the area, but, in reality, if your landlord wants to increase your rent, you don't have very much power to stop them.

SOURCE: Shelter.org.uk

Guy_Montag

Surprised you didn't check this out before you got into the btl game:rolleyes:

Section 7 covers rent increases:
For tenants

For Landlords

Basically during the AST part of the tenancy you can only put up the rent with the agreement of the tenant or if it is in the tenancy agreement. At the end of the AST part (once it goes periodic) you can put the rent up with one month's notice. They can challenge any rent rises through a rent assessment committee.

I always threaten to move out if my landlord plans to put up my rent, though & void is much more expensive than subsidizing me a little.

prudryden

Guy_Montag wrote:

Surprised you didn't check this out before you got into the btl game:rolleyes:

Section 7 covers rent increases:
For tenants

For Landlords

Basically during the AST part of the tenancy you can only put up the rent with the agreement of the tenant or if it is in the tenancy agreement. At the end of the AST part (once it goes periodic) you can put the rent up with one month's notice. They can challenge any rent rises through a rent assessment committee.

I always threaten to move out if my landlord plans to put up my rent, though & void is much more expensive than subsidizing me a little.

Yep, the old give and take. Everybody's happy.

Deals_2

sometimes you only learn from your mistakes! it just happens my mortgage was up for renewal at the same time as rate rises happened and only got into buy to let by chance rather than as a business proposition!also there is a shortage of properties apparently in the market for rental too so not too bad . if not we will move back in.

Guy_Montag wrote:

Surprised you didn't check this out before you got into the btl game:rolleyes:

Section 7 covers rent increases:
For tenants

For Landlords

Basically during the AST part of the tenancy you can only put up the rent with the agreement of the tenant or if it is in the tenancy agreement. At the end of the AST part (once it goes periodic) you can put the rent up with one month's notice. They can challenge any rent rises through a rent assessment committee.

I always threaten to move out if my landlord plans to put up my rent, though & void is much more expensive than subsidizing me a little.