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Tenancy renewal and rent increase: how to negotiate with a letting agent?
Comments
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concernedSaver wrote: »This makes sense, thanks. I was actually wondering if there is some other regulation that says "you're only allowed to raise rents up to this amount every year", but I think there's none.
Only if it states this in the contract.0 -
Before you say anything intractable about proposed rent increases, compare the proposed rent with rents for similiar properties in the area. Then add in removal costs, agency fees, finding a first months rent in advance and deposit before your deposit is returned (usually doesn't happen at same time as leaving the property). Consider if you are in a popular property the LL won't have any problems finding another tenant for (usual) or in a property where moving it to another tenant will be slow.
Its not just how valuable and reliable you are as a tenant, these are important factors but not the only ones. I'm afraid whoever owns the property is probably in it to make a profit and its quite likely rents are going to rise with the budget changes coming in.
You could just stay there after the renewal period in a periodic tenancy, but that removes some of your security (the LA/LL can just give two months notice to leave at any point). Depends on what the LL/LA wants if that will work. They could still ask for the rent increase though.
Rents have risen much higher than five percent in areas where there's a shortage of private rental properties and lots of tenants. There's no limit to how much a rent rise can be (unless written into your TA), supply and demand tends to dictate this.0 -
Spend £3 with landregistry, get deeds & see what name & address there is for the owner of the property (& if it matches the landlord named on your tenancy!).
https://www.gov.uk/search-property-information-land-registry0 -
You should have just gone on to a rolling tenancy and not raised the question with them!
That may still be an option, just don't sign this new tenancy and let a rolling one be created.0
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