Rent increase

230 Thanks
973 Posts
11 years ago
You can look at this several ways - if you are determined to raise the rent then look on Rightmove, local papers, estate agents boards etc to get a gut feeling for the average rent paid for your type of property. You can then give your tenats notice of increase (do it properly with RLA avice and forms). They may object, that is thier perogative, and you risk losing them. Which brings me to second option - if they are good, settled tenants why rock the boat?
The tenants could take the proposed rent increase to the wire with tribunal etc - you risk losing if you are being greedy, and also you risk losing the relationship you have with your tenant.
Bird in the hand??

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