15.5% rent increase - Is this normal / fair?

Drcat

Hi, Just after opinions, been renting same property for 10 years. Just been given notice of an increase of 15.5%
Moved in 2012, rent was £850 per month, had some small increases throughout our tenancy, currently stands at £995, but latest increase takes us to £1150.  I don't suppose there's a cap on how much rent can be increased by is there?

Slithery

What does your tenancy agreement say about rent increase?

Please read...

Rent increases

canaldumidi

What are similar properties locally rented out for? What's the going rate?

What does your tenancy agreement say, if anything, about rent increases?

Are you in a fixed term tenancy, or periodic (rolling)?

How did you receive the 'notice'? When did you receive it and when does it say the new rent applies from?

Read

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

theartfullodger

How were you given notice of increase?  S13…?

Nothing preventing you requesting a lower increase or, indeed, a reduction.

Drcat

Thanks for your responses.
Notice of increase via email. 1 month notice as per tenancy agreement.
Periodic (rolling) tenancy.
Similar rental prices for area (when comparing to new rentals appearing on the market).
I just wondered if it was bit high to up it by 15%, I guess I have to take on the chin.
Rental agency is known to terminate tenancies, upping the rent and getting new tenants in if things don't go their way.
I want to buy, but increases like this (not to mention energy) puts a big dent in the deposit saving potential annoyingly.

canaldumidi

Drcat said:

Notice of increase via email.  So not a S13 notice then?

1 month notice as per tenancy agreement. Please quote TA in full. Please also provide both dates.
Periodic (rolling) tenancy. Period dates?
Similar rental prices for area (when comparing to new rentals appearing on the market). I assume you mean post increase? So if you decided to move rather than pay the new rent, you'd have to pay a similar rent....?
I just wondered if it was bit high to up it by 15%,  Yes it's high but a) you've not quoted the TA and b) you say it's similar to market rates so you've been under-paying till now.

I guess I have to take on the chin. Maybe. Maybe not.
Rental agency is known to terminate tenancies, upping the rent and getting new tenants in if things don't go their way. Agents don't  termiate tenancies. Landlords do.

More information needed.

Have you read the link yet?

macman

The agency can't terminate a tenancy, nor can a landlord, only a court can do that. If they seek to evict you, it will take them at least a year to do so. Does your LL really want a new tenant after 10 years?
Negotiate direct with the LL to reach a compromise.

user1977

For some context, the RPI has gone up by 32.8% from April 2012 to February 2022.

dimbo61

Has the Landlord and/or his agents the Lettings Agents carried out out all his legal responsibilities  with regards to the property.
EICR,GSC , PAT testing, EPC 
Deposit protection