Rent increase & the General Index of Retail Prices

dannim12345

Hello,

Quick question. I've received a letter saying my rent will be increased from 30th May. I've worked it out and increase is 2.778%.

I'm in England. On a rolling contract now. Originally 6 month AST which started in May last year.

My contract says -
"On the annual anniversary of the commencement date, the Landlord may review and increase the monthly rent by an additional sum calculated using the United Kingdom’s General Index of Retail Prices of the month in which the increase is requested on giving not less than one month’s written notice of the revised rent which will become payable by the tenant on the first rent payment date following the expiry of the notice."

I've looked up the United Kingdom’s General Index of Retail Prices but not 100% sure I've found the correct figure...? I found a figure of 1.1%.

Is this correct? If so, I'll query this with the agency - not sure I'll have much luck though.

Thanks

Pixie5740

You might find it useful to read this other thread about rent increases also started today.

https://forums.moneysavingexpert.com/discussion/5199633

dannim12345

Thanks (guess it the time of year..?). Seems like negotiate & see what they say or leave.

Is 'the General Index of Retail Prices' currently 1.1%?

calydon

RPI is currently 1.1%. that's January's figure and was announced on 17th Feb. Next announcement is 24th March...

It's published on the ONS website.

calydon

"The RPI 12-month rate for January 2015 stood at 1.1%, meaning that it was 0.6 percentage points
higher than it would have been had it used formulae that meet international standards."

Page 11 of this document: http://ons.gov.uk/ons/dcp171778_393051.pdf

dannim12345

Thanks all. Going to try my luck.

dannim12345

Hi All, just to update you. I queried it with the agency and they apologised for the mistake....

So my rent is going up £10 pm rather than £25 so well worth checking your contract before agreeing to an increase.