Are two rent increases within a year possible?
I increased a rent of a few of my flats in March (pre covid nightmare!) but still to UNDER the LHA rate. Since then the LHA rate has been raised significantly, so can I raise the rent again still under the capped rate?
I questioned this with RLA precisely due to the fact this is an unusual situation as at the time I had no idea the government would raise the rate to.
Essentially I as a landlord raised the rent first for my own economic reasons – a rent review was necessary and the rent had not risen for many years before. But, if the then the benefit provider subsequently raises the limit, surely I am ‘allowed/entitled’ to raise it again to be in line with the cap?
So is it possible to raise the rent twice in the same year?
Do I need to complete another S13 and given another months notice, or can I say it is an amendment to the previous one in light of the current situation?
Answers anyone?
Reluctant
22 comments on this article
Comments are for Members. Sign in or join free below to read them and have your say.
Previous Article
Is this a Cunning Plan?Next Article
2nd BTL 2 bed Vs 3 bed?
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with