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GillsMan
20-03-2009, 18:18 PM
Hi all,

We've got a tenant moving in soon, and we've reduced the rental asking price partly to attract more tenants and partly because our mortgage keeps being slashed. So, I'm almost certainly going to want to raise it in 12 months time (and to be fair, I'll be quite honest about this with T). So what's the best way to do this?

I'd rather write it into the contract that the rent may be increased subject to two months' notice. But is that even legal? Or should I write nothing in the contract and serve a Section Notice on them (is it S-13?).

Any advice gratefully received.

Ta,

GM

Preston
20-03-2009, 18:51 PM
Hi


You have four main choices:

a) a clause in the tenancy agreement
b) a section 13 notice
c) a new tenancy agreement on the expiry of the existing agreement, provided both parties agree
d) increase the rent on the existing tenancy by agreement

Preston

GillsMan
22-03-2009, 21:34 PM
Hi Preston, thanks for the advice, and sorry for the delay in replying. That's fantastic - I wanted to put it in the tenancy agreement and am pleased that I can do so.

Cheers!