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Private rental: fair increase and what to do to negotiate?
Comments
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neilbaldwin70 wrote: »I guess the frustrating bit for us is that they're probably now going to base the market rentable value on the state the property is in today which is vastly different from when we moved into it. Effectively we paid with our own time and money to 'upgrade' it and now we're going to get charged more rent, effectively paying twice!
Any repairs you made to the property now belong to the landlord, I'm afraid.
However your landlord may be willing to let you remain in the property at below market rent on the basis that (1) you are good tenants and (2) you have a history of looking after the place.
It is the letting agent's job to make sure the property is achieving market rent. If they propose a rent increase, you can of course refuse.0 -
Propose a decrease in rent.0
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If you feel your rent is fair then refuse an increase. The market's hardly changed. They might run the risk of the property being empty0
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You've paid for repairs which is what we did. Our landlord compensated by not putting the rent up for all the years we were there. It worked well. If he had put the rent up we would have moved out.0
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