increase in rent

KILL_BILL

for those that have rented their property for a number of years, how much has the rent gone up say each year or during your rental period.

After the first year the landlord put the rent up by £30 per month which is fair and now the second year he has put it up by £270.00 per month.

I have refered it to the rent assement commitee as even the L.H..A for my area is only £184.00 per week whereas the landlord is now demanding £265.00 for 1 bed flat on the outskirts of london

G_M

Rent increases (how and when can rent be changed)

Is this private rental? If so, LHA is irrelevant.

What are comparable private rents in the area?

What kind of tenancy do you have? FT or Periodic? What does the tenancy agreement say, if anything, about increases?

What notice have you received of rent increases?

Have you signed new tenancy agreements? Have you started paying the new rent?

Mylo_The_Moggy

We rented for 13 years & the landlady only put the rent up once in all that time. For the first 9-10 years it stayed at the same amount as when we first moved there, then after that she increased it once by £26 a month. Not a major amount.
We were pretty lucky tbh as some landlords can increase by around 10% per year. If not more sometimes.

Th1984

Y1 was £925 PCM,
Y2 is £925 PCM
Y3 will be £950 PCM
Y4 will be £950 PCM.

That is currently as far as we have signed for.

HAMISH_MCTAVISH

KILL_BILL wrote: »

as even the L.H..A for my area is only £184.00 per week

How is that relevant?

The LHA is now set at the 30th percentile. 70% of rents will be more expensive than the LHA.

Reue

Y1: £850pm
Y2: £850pm
Y3: (Proposed £1000pm)

We said no to the increase as house prices and rents were falling in our area. They wouldnt budge so we said we were moving out at the end of the tenancy and refused to allow any visits to show prospective tenants round.

Eventually it took them 2 months to find new tenants at a rent rate of £900pm. It'll take them almost 3 years to break-even from those 2 empty months

HAMISH_MCTAVISH

Reue wrote: »

We said no to the increase as house prices and rents were falling in our area.

And yet they've managed to increase the rent.

So obviously not.;)

dgtazzman

Y1: 695 PCM
Y2: proposed 750 PCM, we looked at comparable properties and found this to be at the high end, so dug in and ended up settling at 710 PCM
Y3: 710 PCM, no attempt to raise the rent, so I'm assuming LL might have had to remortgage in Y2, ended up with a more expensive mortgage and tried to pass that on
Y4: not there yet, but rental prices still aren't really going up round here, so don't expect an increase. If they do try, we'll be in a position to buy a house by then, so can tell them where to put it...

Reue

HAMISH_MCTAVISH wrote: »

And yet they've managed to increase the rent.

So obviously not.;)

They converted the (tiny) spare room into a 4th bedroom.

Not always so obvious

MissAT

I'm not an expert, but ...

Don't you have to agree to the rent increase, if you don't they can't put it up.

What does your contract say?

bap98189

Current house the rent hasn't been increased in 3 years. Previous house we were in for 4 years and the landlord put it up from £525 to £545 after year 1, but never bothered again. I suspect that as we seem to be reasonable tenants who pay on time, and it is no doubt covering his mortgage payments they are happy to leave things alone and not risk us leaving.