pattricia Posted April 14, 2017 Share 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? Link to comment Share on other sites More sharing options...
geared Posted April 14, 2017 Share 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. Link to comment Share on other sites More sharing options...
pattricia Posted April 14, 2017 Author Share 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. Link to comment Share on other sites More sharing options...
El Cid Posted April 14, 2017 Share 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. Link to comment Share on other sites More sharing options...
geared Posted April 14, 2017 Share 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. Link to comment Share on other sites More sharing options...
pattricia Posted April 14, 2017 Author Share Posted April 14, 2017 Terrific answers to my op. Which I will pass on. Link to comment Share on other sites More sharing options...
sgtkate Posted April 14, 2017 Share 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! Link to comment Share on other sites More sharing options...
pattricia Posted April 14, 2017 Author Share 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 ! Link to comment Share on other sites More sharing options...
spider1 Posted April 15, 2017 Share 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! Yes agree if they are good tenants look after them dont be greedy Link to comment Share on other sites More sharing options...
Longcol Posted April 15, 2017 Share 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. Link to comment Share on other sites More sharing options...
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