Managing your rental income effectively is essential. Whether you’re aiming to keep up with rising costs or align your rents with market value, increasing your tenant’s rent needs to be handled carefully and legally.
Here’s a straightforward guide to help you navigate the process, maintain a good relationship with your tenants, and avoid any legal pitfalls.
If your tenant is in a fixed-term tenancy, raising the rent isn’t always straightforward.
Check the Tenancy Agreement:
Wait Until the Fixed Term Ends:
If your tenancy has become periodic (rolling from month to month), you have two legal options for increasing the rent:
Agreement with the Tenant
Issuing a Section 13 Notice
If a tenant believes the proposed rent increase is excessive, they have the right to appeal to the First Tier Tribunal. This tribunal will assess whether the new rent aligns with market value for similar properties in the area.
However, if the tenant does not challenge the increase before the notice period expires, the rent increase will take effect automatically.
Key Considerations for Rent Increases
If you have any questions about handling rent increases or managing your tenancy agreements, we’re here to help. Staying compliant with the law and fostering good tenant relationships is vital for protecting your property investment.
Contact us for guidance and support with all aspects of your rental business.
Cavendish Rentals Limited t/a Cavendish Rentals
Company Registered in England and Wales. Company Number 03689406
Registered office: 2 Hilliards Court, Wrexham Road, Chester, CH4 9PX, United Kingdom
VAT Registration Number: GB 728 7753 89