Are two rent increases within a year possible?

by Readers Question

13:37 PM, 2nd July 2020
About 3 months ago

Are two rent increases within a year possible?

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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



Comments

Clint

13:58 PM, 7th July 2020
About 3 months ago

Thanks for that. Very useful information especially if I can get the rent paid to me directly from the onset.

WP

14:24 PM, 7th July 2020
About 3 months ago

Reply to the comment left by Clint at 07/07/2020 - 13:58
yep nail it at the start makes life just that bit easier.

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