Rent increase?
General Discussion

1 Thanks
7 Posts
3 days ago
Tenants are on a statutory periodic tenancy having been in the property since 2014 on a 6-month AST. We started at a slightly lower than market rate, and only increased the monthly rent in 2022, and then only by £100. Now, a review by two local agents suggests that given the huge increases in achievable rent locally we are around £400 a month shy of market rate. What does the forum think? Halve the difference and ask for a further £200 a month, be happy with what we get, or ask for a proper market rate?

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