On 20th July 2021 , my tenants will have been in place 2 years.
I am contemplating a rent increase of £30 from £1075 to £1105 a 2.8% increase. This will be the first rent increase since they moved in 20 July 2019. New electrical statuary compliance costs have taken their fiscal toll in the last few months.
Does this rent increase seem fair and reasonable?
Thanks and regards Roger Holtby