Rent increases

indigoblue11

I have rented this place since 2012 and initially I had a 12 months tenancy and at the end it was a rolling month.

3 years ago the building was taken over by liquidation and another company was bought in to manage the building. A year after the building was sold to a new landlord and a management company have been looking after it on their behalf.

I’ve been on a rolling month contract since 2013 and I received and email telling me they would like to offer me a new 12 month tenancy agreement and the rental payments have increased by £125.

Firstly I do not want to move and don’t have any plans to. I
Would be happy to sign for 12 months of the landlord requires a guaranteed rental for that time. But what I don’t agree with is the proposed increase. I’ve offered to negotiate the increase and mentioned that I’m happy to stay but they need to agree a more reasonable rate. An increase of 10% would be satisfactory.

Please can you help me with what to
Do.

Annie35

Have you checked what the market rent is in your area? How does it compare to what you're paying / been asked to pay

indigoblue11

Yes I’ve checked similar places around 10% more than what I’m getting now.
But they are currently advertising the same property in this building at 150 more. But loads are empty.

Crashy_Time

https://www.property118.com/eastern-europeans-leaving-uk/

indigoblue11

Crashy_Time wrote: »

https://www.property118.com/eastern-europeans-leaving-uk/

Thanks but I’m not sure I understand the logic with the link.

G_M

Lots of empty properties riving down rents? At least I guess that is the point crashy is making.

G_M

Read


* Rent increases: when & how can rent be increased?

indigoblue11

I see so from what I’ve read it’s either try and meet them in the middle somewhere. Or leave.

I’ll have a go at meeting them in the middle as I really want to stay.

Has anyone been successful at meeting in the middle?

[Deleted User]

I think I have seen the odd report of it working on here, but not recently. But if you don't want to leave, you have nothing to lose. Just use the same arguments you have on here. Have adverts of similar flats for only slightly above what you pay.

AnotherJoe

indigoblue11 wrote: »

I see so from what I’ve read it’s either try and meet them in the middle somewhere. Or leave.

I’ll have a go at meeting them in the middle as I really want to stay.

Has anyone been successful at meeting in the middle?

It doesn't have to be in the middle. Start with that mindset and it will be though. After all you could get a similar flat for 10% more so why pay more?

Bossypants

It can work, though I've had better luck with individual landlords than corporations like the one you describe, personally. All you can do is try, though, just calmly set out your reasoning, point out how long you've been a conscientious tenant for, and hope they see sense. Good luck!