I HAVE TWO PROPERTIES RENTED OUT BOTH HOUSES HAVE LONG TERM TENANTS WHO HAVE BEEN GREAT BUT I HAVE NOT INCREASED THE RENT FOR 7 YEARS. THEY ARE PAYING £675.00 MONTHLY. IS THERE A LIMIT AS TO THE INCREASE IN ONE GO I CAN DO. I WAS HOPEING TO PUT BOTH UP TO £700.00
THANKS
TERRY DAVIDSON
Question
Changing the Rent (England)
RENT INCREASES
Answer
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1 Comment
There is no limit – just that it be a market rent.
Please see this guidance for full details on how to increase the rent on an assured shorthold tenancy.