No – The determining factor if a rent increase were to be challenged would be the rent that the property might reasonably be expected to be let for in the open market*.
* which is a periodic tenancy having the same periods as those of the tenancy to which the notice relates, which begins at the beginning of the new period specified in any rent increase notice, the terms of which are the same as those of the tenancy to which the notice relates.
Still not answered your question? We love questions so fire it at us using the contact details here
