No.Does that mean that the end of next year all landlords can put the rent up to whatever they like? Because that would be......disastrous.
when agents found out about the incoming RPZ's before the tenants did and pushed through massive rent rises right before the start date.
Most landlords (or their agents) weren’t in a position to raise rents at that time because of the 2-year embargo on rent reviews introduced by the previous Government and there is no evidence that there was a spike in rents at that time.... as they did when agents found out about the incoming RPZ's before the tenants did and pushed through massive rent rises right before the start date.
Don't remember this happening!
Any evidence to show that agents found out before tenants?
And of massive rent rises right before the start date?
Yes. My own rent was raised 46% (they tried for 60%) one week before the announcement of the RPZ, and I know that the agent did the same to several other local tenants, and they were hardly the only ones.
No. House was not in great repair and the rents all climbed massively in a very short period@Magpie
You must have been on a pretty sweet deal if you were paying almost 50% below the prevailing market rent at the time.
My RPZ was one of the later ones added, it was not with immediate effect and the agents absolutely knew before it was publicly announced (a staff member told me this) and the rent was not far below the market rent. All rents jumped massively at the same time in the area. Going from an average of 900-1000 to 1400-1600 in a matter of months.
FyiMany thanks for the replies especially @Sarenco
Hard to know what to do, should I send a letter and raise the rent by the (1.04)^2 or should i hold off for dec 2019 and then send a latter informing the tenants of the rent increase.
Tenants are on the HAP scheme and are absolutely lovely btw (thankfully)
Also isn't the rule on rpz if rents that's rents have to rise by a certain amount more than 3 quarters in a row. I bet there are areas now where that doesn't happen.
PAxmanK what do you mean by this - I dont follow you thanks
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