Rent Increase

eddddy

Miss_Samantha wrote: »

This assumes that the agreement of a single joint-tenant is enough to increase the rent under the tenancy.

I think the LL is asking the tenants to sign a new AST - and one tenant has indicated that all the tenants will all sign a new AST where the rent is increased by the equivalent of £50 per tenant per month.

The OP is not legally required to sign the new AST, but not signing would probably cause major problems between the tenants.

(i.e. It's not really a legal issue, it's more of an issue about managing disputes between joint tenants.)

Shelldean

Chrysalis wrote: »

Andy's answer is a bit scary, is it really common to get a rent increase every single year? it makes my one increase in 13 years seem a miracle.

I dont know the answer to the question should there be a minimum notice, but I expect if the notice is after the end of the current tenancy its probably legal, but I am only guessing.

Sadly landlord's will be well aware that if a tenant moves out to avoid the increase they have to assess if they saving money as the cost of moving is not cheap, and I expect because of this most tenants will agree to rent increases. This is something you also need to decide, you realistically seem to have 3 options.

1 - stay where you are and accept the rent increase (try negotiating first tho, you are unlikely to get a s21 for just trying to negotiate).
2 - Dont agree to the increase in which case you move to a periodic tenancy, the landlord possibly will decide not to evict you, and as such you save money, but there is a risk of eviction which will come in the form of a s21 notice. Which I think is a 2 month period.
3 - Move, and look for somewhere else, but unless the new property is significantly cheaper any financial gain is likely going to be from small to nothing.

We usually get a rent increase every yr w/o fail. Although am.pleased to say this yr there was a decrease!!!



I thought there had to be a rent periods notice to increase the rent??
Our rent always changes first of April. And the notice arrives last couple of weeks of Feb, w/o fail. Our rent in monthly so it's given us over a rent period of notice?

Guest101

Rent increase can be mutual consent, contractual or statutory.


Mutual consent requires no notice

cashbackproblems

£50 pm increase in London is nothing if you are happy with the property and location, the hassle of finding somewhere else and paying for all the referencing wouldn't be worth it

how much do you pay per month out of interest?

rtho782

If you decide to sign a new 1 year contract at a higher rental amount, that's mutual consent and you are agreeing to the new amount. He could give you 5 minutes notice.

If you decide not to sign a new 1 year contract, it's too late for him to evict you via S21 at the end of the current 1y, so you go on to a rolling tenancy. He can then serve you a S21 and evict you with 2 months notice, you can leave with 1m notice, or he can give you a section 13 notice with 1m notice of an increase in rent.