pattricia   560 #1 Posted April 14, 2017 My nephew is the landlord of a semi- detached house and has never put the rent up in years. How often do you put the rent up and by how much? Share this post Link to post Share on other sites Share this content via...
geared   268 #2 Posted April 14, 2017 Upto the landlord, the rate of inflation might be a starting point as by how much to increase.  or just go on rightmove, look at the prices for similar properties in the area and use that as a yardstick. Share this post Link to post Share on other sites Share this content via...
pattricia   560 #3 Posted April 14, 2017 Upto the landlord, the rate of inflation might be a starting point as by how much to increase. or just go on rightmove, look at the prices for similar properties in the area and use that as a yardstick.  Thank you for your advice. I will pass it on. Share this post Link to post Share on other sites Share this content via...
El Cid   194 #4 Posted April 14, 2017 My nephew is the landlord of a semi- detached house and has never put the rent up in years. How often do you put the rent up and by how much?  I was in rented property for around 10 years and the rent never went up. If you have a tenant that rarely cost you any money, keep the increases low. Share this post Link to post Share on other sites Share this content via...
geared   268 #5 Posted April 14, 2017 If you have a tenant that rarely cost you any money, keep the increases low.  If you have a tenant that always pays rent and doesn't cause hassle then keep the increases reasonable  It might also be a good time to do a thorough inspection of the property and consider what requires maintenance. If the tenant is unhappy with any rent increases then cost of maintenance could be put forward as reasoning. Share this post Link to post Share on other sites Share this content via...
pattricia   560 #6 Posted April 14, 2017 Terrific answers to my op. Which I will pass on. Share this post Link to post Share on other sites Share this content via...
sgtkate   10 #7 Posted April 14, 2017 I'd agree with the others. If the tenants are good and reliable then that's worth more than a few extra pounds a month. I don't raise the rent at all during a tenancy but will review the rent if a tenant leaves, my current tenants have been in for 10 years and I've never increased the rent so I think they are probably getting a ridiculously good deal about now! Share this post Link to post Share on other sites Share this content via...
pattricia   560 #8 Posted April 14, 2017 I'd agree with the others. If the tenants are good and reliable then that's worth more than a few extra pounds a month. I don't raise the rent at all during a tenancy but will review the rent if a tenant leaves, my current tenants have been in for 10 years and I've never increased the rent so I think they are probably getting a ridiculously good deal about now!  Your advice is very much appreciated ! Share this post Link to post Share on other sites Share this content via...
spider1 Â Â 11 #9 Posted April 15, 2017 I'd agree with the others. If the tenants are good and reliable then that's worth more than a few extra pounds a month. I don't raise the rent at all during a tenancy but will review the rent if a tenant leaves, my current tenants have been in for 10 years and I've never increased the rent so I think they are probably getting a ridiculously good deal about now! Â Yes agree if they are good tenants look after them dont be greedy Share this post Link to post Share on other sites Share this content via...
Longcol   577 #10 Posted April 15, 2017 My nephew is the landlord of a semi- detached house and has never put the rent up in years. How often do you put the rent up and by how much?  The tenancy agreement should normally state how often the rent is reviewed - AFAIK you can't put it up more than once a year. Share this post Link to post Share on other sites Share this content via...
spider1 Â Â 11 #11 Posted April 15, 2017 The tenancy agreement should normally state how often the rent is reviewed - AFAIK you can't put it up more than once a year. Â I would imagine that only applies to a 12 month let. If it was on a 6 month let you could put it up as soon as 6 months was up especially new tenants . And to take it one step further if it as a short let as soon as new tenants move in if you wanted or you could drop it if needed to attract a tenant Share this post Link to post Share on other sites Share this content via...
Longcol   577 #12 Posted April 15, 2017 I would imagine that only applies to a 12 month let.  No it doesn't - it's common practice for an assured shorthold tenancy - the most common type of tenancy agreement - to contain a clause about rent reviews.  The OP might find some useful information here;  https://www.gov.uk/tenancy-agreements-a-guide-for-landlords/overview  It includes templates for tenancy agreements etc. Share this post Link to post Share on other sites Share this content via...