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Rent Increase Notice

I have a question which on the surface seems quite simple, but I’ve researched and have found different answers. So it’s quite confusing. I have tenant at my property that has been there for 2 years 6 months on 12 month annually renewable contracts (AST). I have only raised the rent once which was 2 years ago. The current contract will expire in April 2017 My question is: Am I free to raise the rent to a market acceptable rate having raised it 2 years ago and if so how much notice (if any) am I obliged to given the tenants?

Asked on Nov 13 2016, Renting in Buckinghamshire | Report content

Answers (1)

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  • Yes, you can raise the rent. You should try to give them a full months notice before the renewal date. If they don't like it find new tenants! No landlord should be obliged to keep rents low just to satisfy tenants. We're running a business not a charity!

    Answered on Feb 22 2017, Report content

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