Rent increase paperwork dilemma?

I am thinking of granting an AST for three years. It will have a tenants break clause on the first anniversary and at any time thereafter by three months notice

The rent would be initially x and become x plus 5 per cent on the anniversary x plus 10 per cent on the 2nd anniversary x plus 15 per cent on the third anniversary and x plus 20 per cent on the last day of the term.

I am considering an alternative to provide that at my discretion I can substitute the RPI

Since these sums are fixed and agreed I can’t see how they can be referred to a Valuation Tribunal or notices to increase the rent are necessary. Have I got this wrong? If I’m right every landlord needs to know about these possibilities.

On abolition of S21, are the arrears for allowing notice to be given reduced? and removal of the arrears no longer resulting in dismissal of the application for possession?

The remainder of my comment was deleted

If I understand correctly the tenancy expires with no new agreement signed, a rolling statutory tenancy will come into existence. But with the rent at the last day of the term.

For any increase of rent of that term the Landlord will have to use S13. I have not yet considered whether the tenant can apply to get it reduced

What do you think?

Reply to the comment left by Edwin Cowper at 06/04/2024 – 11:23
Never ever do more than a 6 months AST
Simple