That's the current position outside an RPZ (where rents may only be increased once every 24 months).Or just simply "the landlord can increase the rent to the market level but not beyond that"
I don’t buy that thought frame, we have it way more easier than the up and coming mob. I didn’t get anything handed to me either, but there’s no way I could aspire to achieve what I worked for now days I can tell you.. Perhaps also to give the kids some kind of a head start (but we don’t know how much we subscribe to that given that myself and my spouse were never handed anything). We
The point I’m making is that they grow up fast, and with property, there’s more peaks than troughs. So, even though my saying, when it’s gone, it’s gone is irksome to some contributors here, I’m reluctant to advise selling unless your heart is not in it anymore.
Thank you. Yet another interesting perspective. We are definitely leaning towards allowing the current tenants run their course and then making a decision on whether to sell when the time comes. Very helpful inputs from everyone. Much appreciated.