Rent review clauses enable landlords to increase the rent in line with market rates and/or inflation. Typically, a longer lease will involve one or more rent reviews during the term. As a tenant, you will be at risk of the rent increasing. Conversely, as a landlord, you will want to ensure that you are not […]
Articles Tagged: rent
Is there not a legal limit (%) on what you can put the rent up by?
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 […]
Should I increase the rent?
This is a business decision only you can make and nobody knows your business better than you! As a business, the income has to exceed the costs if it is to remain viable. Here are a few things to consider to help you answer the question: Where the costs of running the business (e.g. mortgage) […]
Can I increase rent even though I have issued a S21 notice?
Yes – provided it is done in line with applicable clauses in the tenancy agreement or by agreement with the tenant or by notice under section 13 of the Housing Act 1988. The issuing of a Section 21 notice and increasing the rent are mutually exclusive events. Further Reading How to increase the rent for […]
On what day will I receive my rent?
In all instances the balance on account will be transferred to landlord within 5 calendar days of the rent day. We ‘same day’ process rent payments received however rent payments received late in a working day and after office hours are processed the next working day which could be after a weekend or bank holiday […]
When do I need to pay the remainder of the deposit and rent?
Payment of the remainder of the Tenancy Deposit and advance rent is to be made on the signing of the Tenancy Agreement. Still not answered your question? We love questions so fire it at us using the contact details here Please rate this article so we know how well it answered your question…
Do you have tenant late payment fees and are these passed to the landlord?
Yes – if any rent or other money payable by the Tenant to the Landlord under the provisions of the tenancy agreement shall not be paid on the day on which it becomes due the same shall be payable with interest thereon at a rate of 8 per centum above the reference rate for the […]
Can I pay more than one months rent in advance?
Yes – under the terms of our Tenancy Agreements, rent is always paid in advance – typically monthly for the next rental month. Tenants can at their discretion pay more that one months rent in advance. Where a tenant has a low credit score or fails the affordability assessment, it may be a pre-condition of […]
What date do cleared funds for advance rent need to be received by?
Ideally before the tenancy agreement is signed but on or before the commencement of the tenancy is fine. Still not answered your question? We love questions so fire it at us using the contact details here Please rate this article so we know how well it answered your question…
Do landlords normally increase rent annually?
Information about increasing rents can be found in this blog article How to increase the rent for an assured shorthold tenancy A word of caution about increasing rents… …It is reasonable that rent levels can change in line with market values. However, rent increases need to be treated with caution. Rent increases are never welcomed […]
