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Increasing Rent in a HMO
Uncle_Fester_2
Posts: 291 Forumite
What would be a reasonable time to give notice to increase rent? And what would be a reasonable %? 
It's in a HMO, rents have increased by 10% in the past year. Tenant has been renting for over 2years with no increase, and was a given 5% discount at the start of tenancy.
The tenant has caused some problems but nothing major, but I prefer if the tenant leaves, as I could find a new tenant in a day or so, if I have to, as the property’s location is in a extremely high demand area.
Many Thanks
It's in a HMO, rents have increased by 10% in the past year. Tenant has been renting for over 2years with no increase, and was a given 5% discount at the start of tenancy.
The tenant has caused some problems but nothing major, but I prefer if the tenant leaves, as I could find a new tenant in a day or so, if I have to, as the property’s location is in a extremely high demand area.
Many Thanks
0
Comments
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Anyone???...0
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Hi
Maybe nobody`s listening because they couldn`t care less? :money:
Best Regards
David0 -
When the contract ends, don't renew it.0
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southsea13 wrote: »Hi
Maybe nobody`s listening because they couldn`t care less? :money:
Best Regards
David
thats not very nice0 -
True, but UF made some rather unpleasant comments to me earlier in another topic and I`m feeling a bit petty
0
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