Rent increase during a periodic tenancy
Tax Planning and Financial

0 Thanks
7 Posts
14 years ago

A couple are nearing the end of their 6 month contract - we use the RLA standard AST. They have said they would like to go on a periodic. In order to give the landlord more of a guarantee over future income, we propose to offer the tenants a choice:

a) a further 6 month contract at the same rent;

b) a periodic contract with a rent increase of £25 after 3 months (we have already increased the rent by that amount in another flat on the same site, so it seems a fair amount)

If we go down option b) is it simply enough to get the tenants to sign that they are content with this in an exchange of letters?

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £75 you can join in the discussion and get access to member's only resources and services join now.