Tenant asking basis for rent rise?

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    #16
    I’m long overdue a round of rent increases also, but because of all the help and support our government has given us private landlords recently, I shall just let the tail wag the dog. Don’t want to rock my boat and fall into these muddy waters right now.

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      #17
      To coolshades.

      If your employer said to you, we are reducing your wages ( disposable income ) by £ 320 per month. and don't be rude and ask why. nor it's no business of yours either to ask why
      Would you accept it ? ( the reason being that wages in the same industry in the area are £ 320 lower )
      the £ 320 is the same percentage as the £ 100 rent increase - both give you and your tenant less disposable income ( 16 % ) and ..


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        #18
        £100 /month is a HUGE increase. the tenant wasnt being rude, you were, for asking for such a big increase. wouldnt surprise me if the tenant took you to a rent tribunal to challenge it.

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          #19
          2% increase every year - so much simpler

          IF I had initially lowered the rent to get someone in then I'd make it 5% every year to catch up (10% if it needed to be).

          While I do my best to get along with my tenants neither owes the other any favours so I keep it professional.
          My views are my own - you may not agree with them. I tend say things as I see them and I don't do "political correctness". Just because we may not agree you can still buy me a pint lol

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            #20
            I bought a terraced house to rent out, the agent suggested 500 - 525 I suggested 575 and that is what it was rented out for
            Two years later the tenant left and the agent suggested 600 and I said 625 and that is what we have enquiries about.
            Ten years ago on business premises the agent suggested 8000 a year and I said try 9000 and that is what it was rented out at.
            I think sometimes agents pitch the rent low in order to get it rented and not have to deal with loads of enquiries and viewings.
            Am I wrong. ?

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