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Rent increases and deposits
Hainan
Posts: 2 Newbie
Having rented the same property for several years, my monthly rental figure is now quite different from that of when I first signed a 6 month tenancy agreement.
The original deposit represented a month's rent. After I had been in the property for 6 months, I was switched to what I believe to be a rolling tenancy which can be ended with a month's notice.
What I was wondering: although I am no longer under a fixed contract, does my landlord have the right to demand I pay an additional amount to my existing deposit to reflect the higher monthly rental figure, or if all goes smoothly, would I still get 4 week's notice within which to leave and expect the deposit to be returned as originally paid?
I'm not sure where I stand legally (having not signed a tenancy agreement on the property for some years) and don't want to get caught out if for instance the landlord says my deposit now only represents 2 weeks rent and unless I pay the extra I would need to leave earlier than planned. Conversely, if I stay and the landlord decides to whack the rent up unreasonably, do I have any rights to challenge the increase, or is it a case of like it or lump it?
The original deposit represented a month's rent. After I had been in the property for 6 months, I was switched to what I believe to be a rolling tenancy which can be ended with a month's notice.
What I was wondering: although I am no longer under a fixed contract, does my landlord have the right to demand I pay an additional amount to my existing deposit to reflect the higher monthly rental figure, or if all goes smoothly, would I still get 4 week's notice within which to leave and expect the deposit to be returned as originally paid?
I'm not sure where I stand legally (having not signed a tenancy agreement on the property for some years) and don't want to get caught out if for instance the landlord says my deposit now only represents 2 weeks rent and unless I pay the extra I would need to leave earlier than planned. Conversely, if I stay and the landlord decides to whack the rent up unreasonably, do I have any rights to challenge the increase, or is it a case of like it or lump it?
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