Landlord wants rent increase of £25-£40/m, on an annual tenancy HELP! Is that wise during this time?

Karen_taris

greatcrested said:

Karen_taris said:

Thank you every one xx

AdrianC said:

Surely it's simple... There's three options.

1. Stick with your current tenancy, but periodic
2. Sign a new tenancy, at whatever rent you and the landlord mutually agree on.
3. Move.

Just because the landlord says "I'd like you to sign a new tenancy at higher rent" doesn't mean you have to.

If they're really going to say "No, I don't want you periodic, I'll give you notice", then that's their choice - and remember s21 is now six months. It would seem to be cutting their noses off to spite their faces over a relatively small increase, but who needs a landlord who's that petty and penny-pinching? Moving would seem wise.

OPTION 1. Stick with your current tenancy, but periodic
OPTION 2.  Sign a new 1 year Fixed term tenancy, at the SAME RATE I pay now (as I said if  the landlord agrees first) then is there any advantages of me as the tenant, for either of the options 1, and 2?

or if the Next years fixed term tenancy is  rent is the SAME amount, then is it common/usual for a new fixed term tenancy to be created for the same amount, for the next 12 months rent?

Option 1 has less security. LL can serve S21 at any time (though currently that's 6months notice) or S13 to increase rent (see previous link)

Option 2 has more security/less flexibity (both or you are tied in)

Subsequent fixed terms can be same or higher - depeands on market conditions and negotiating skills and LL/tenants' atitudes.

Thanks guys greatcrested, Macman and others xx.

It is a fixed term tenancy every 12 months.
Every year LL asks for an increase (towards the end of the tenancy)
Sometimes we agree a tiny increase, sometimes no increase (same rate rent), sometimes decrease due to similar properties rent.
_______
I Plan to stay on many years here, going forward. (a long term stay)
and LL likes me because I always pay without fail

So was thinking if keep it rolling and periodic then there would be 'no' end date to renew every year,
so then the landlord would NOT every year ask for a rent increase (so have shielded myself from annual rent increase requests possibily?)

In otherwords if the tenancy stays periodic, then LL would have annual tenancy end date every year (as it is not fixed) to ask me for.
(so in a way would going periodic shield me from him asking for yearly rent increases?)

_______

Yes you pointed out he can serve a S13 to increase rent (in in perioid)

but if I am periodic and he serves a S13, then what are my options?

1) I accept the S13 Increase, = I Can only afford this amount of rent, ate so would not accept,  hence 1) and 2)
so would Not accept it.

2) I Reject the S13 increase = then I stay in at the current rate?   with him accepting my rejection.
-he can accept this rejection from me right?  as an option?

3)  I Reject the S13 increase = then he starts the eviction notice?

If I keep it rolling, periodic are there any other disadvantages I can face as a tenant keeping it from fixed to periodic?

Again thanks guys greatcrested, Macman and others, with your support during this period xx.

macman

No, it does not protect you from any increase in perpetuity. But he cannot increase it without your agreement, so if you decline an increase then he can only serve you notice (6m minimum at present).

saajan_12

You're really overthinking.. not sure why its your concern whether an increase is wise for the LL or not etc. They've asked, you  can either accept, negotiate a different rent / fixed term, or reject and be open to potential S21 or S13 notices. 

A periodic tenancy doesn't shield you from anything. The LL can still request a new rent level any time and you can agree / negotiate / refuse in the same way as you can agree a new fixed term. If you refuse, the LL can serve a S13 notice, which you can agree / negotiate / refuse, in which case it gets referred to a tribunal. They would look at comparable market rents, % increase etc. So if market rents increase or the effects of covid subside, they will start agreeing with the LL's increases - in which case failure to pay the new rent would lead to eviction. 

greatcrested

Karen_taris said:

greatcrested said:

Karen_taris said:

Thank you every one xx

AdrianC said:

Surely it's simple... There's three options.

1. Stick with your current tenancy, but periodic
2. Sign a new tenancy, at whatever rent you and the landlord mutually agree on.
3. Move.

Just because the landlord says "I'd like you to sign a new tenancy at higher rent" doesn't mean you have to.

If they're really going to say "No, I don't want you periodic, I'll give you notice", then that's their choice - and remember s21 is now six months. It would seem to be cutting their noses off to spite their faces over a relatively small increase, but who needs a landlord who's that petty and penny-pinching? Moving would seem wise.

OPTION 1. Stick with your current tenancy, but periodic
OPTION 2.  Sign a new 1 year Fixed term tenancy, at the SAME RATE I pay now (as I said if  the landlord agrees first) then is there any advantages of me as the tenant, for either of the options 1, and 2?

or if the Next years fixed term tenancy is  rent is the SAME amount, then is it common/usual for a new fixed term tenancy to be created for the same amount, for the next 12 months rent?

Option 1 has less security. LL can serve S21 at any time (though currently that's 6months notice) or S13 to increase rent (see previous link)

Option 2 has more security/less flexibity (both or you are tied in)

Subsequent fixed terms can be same or higher - depeands on market conditions and negotiating skills and LL/tenants' atitudes.

but if I am periodic and he serves a S13, then what are my options?

1) I accept the S13 Increase, = I Can only afford this amount of rent, ate so would not accept,  hence 1) and 2)
so would Not accept it.

2) I Reject the S13 increase = then I stay in at the current rate?   with him accepting my rejection.
-he can accept this rejection from me right?  as an option?

3)  I Reject the S13 increase = then he starts the eviction notice?

If I keep it rolling, periodic are there any other disadvantages I can face as a tenant keeping it from fixed to periodic?

Again thanks guys greatcrested, Macman and others, with your support during this period xx.

Did you read the link provided in your very first response? And which I refered to later in my 1st response?

Post 5: Rent increases: when & how can rent be increased?

The stickie is there so we don't have to repeat all the information each time someone asks!

msfaye

When I was renting, we paid 2% more each year to be in line with inflation increment each year - isn’t this the norm, why so surprised? 

Danny_G

If increasing 2% every year, what if one year you wouldn't have been able to afford the new 2% increase, then what would you have done msfaye?