11:54 AM, 21st March 2019, About 3 years ago 9
I am looking for help please with suggestions for best wording to explain a larger rent rise than normal for my tenants this year.
I have 2 properties, a house that I rent for £998 and a 2 bed flat for £650. Both are good tenants and cause no issues. I did have 8 properties, but have been selling them off when I saw the dark clouds coming.
I normally raise rents in line with RPI, but this year, with all the changes that have been enacted and those in the pipeline I feel that a larger increase will make the figures stack up better. Just wondered what others are doing.
I am not affected by selective licensing yet, but with the removal of the 10% wear and tear allowance and the removal of tax relief being phased in, also the ban on fees and talk of a necessity for an elec safety cert. Amongst other things.
All this raises costs and reduces yield so what is the alternative to raising rents over RPI to make this viable?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Previous ArticleEmotive and meaningless words 'no fault' referring to s.21 notices
Next ArticleThe Doves have it the Doves have it
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|