I have another question I cant answer.
Given that landlords are basically now required to increase their rent by 4% every 12 months for fear of getting caught out by new legislation, how would they do this with a new tenant?
When the tenant moves in that is the date they have set the rent.
So at what point and how does the landlord go about raising the rent by 4% for the anniversary of the move in date?
Could the landlord just give notice on move in that the rent will be going up 4% every 12 months from now on unless that takes it above the market rent?
Or is there a process to follow at specific times during the tenancy?
Thanks.
Given that landlords are basically now required to increase their rent by 4% every 12 months for fear of getting caught out by new legislation, how would they do this with a new tenant?
When the tenant moves in that is the date they have set the rent.
So at what point and how does the landlord go about raising the rent by 4% for the anniversary of the move in date?
Could the landlord just give notice on move in that the rent will be going up 4% every 12 months from now on unless that takes it above the market rent?
Or is there a process to follow at specific times during the tenancy?
Thanks.