Rent Prices

venomx

In my last place I was there for two years and at the end of the first year signed a new tenancy which was the same rent price.

However in my new place after the 1yr tenancy was up, they asked if i'd like to renew for another year but with an increase of £30 PCM

Is it common for landlords to charge more each year ? Im asking because im conerned i might not be able to pay if they increase it again ?

Thanks

luvchocolate

I lived for 8 years in the same rental property and the landlord never but the rent up, but I think I was very lucky.

timeism0ney

We've been renting for 15 years in 5 different places and it was never the case. It's within their right but they also risk losing the tenant if the rent is too high. 

theartfullodger

At least two options:

1. Simply don't renew: Continue as periodic, entirely legal,all terms except for giving notice still apply. But landlord may then apply for rent increase.

and/or...

2. Say you thought there was a contract that fixed the rent, but as they are saying it's a flexible amount, you propose a rent reduction of £30/month.

Morbier

I have a clause in my tenancy agreement, which says that the rent will be reviewed annually and increased "in line with market value". So far, we have had an approximate 1.75% increase each year and (because we negotiated a lower rent before signing the AST) it is still nowhere near 'market value'.  I'm assuming that the landlord is happy with a lower rent and a good tenant?   Who knows?