Rent Increase

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    Rent Increase

    Hi All, new to this site and the buy to let scene in general.
    I have a property that I let on an Assured Shorthold Tenancy. The fixed term of 1 year has just expired and I have allowed this tenancy to roll into a Periodic Tenancy, ie i have done nothing!
    Except, a few days before the end of the fixed term I sent a message to the tenant informing them that I would like to increase the rent by a small amount, from £1450 to £1475 per month. The tenant, who I am very happy with, messaged me back saying that they were fine with this. Should I have made this increase more formal or do you think its fine just to have a friendly exchange of messages?

    #2
    If they start paying then that's the formal agreement. Wait 'n see. If not paid, formal route only then, s13 notice.
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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      #3
      I would write back to them confirming that the T has agreed setting out the new amount and when the first new rent is due. So at least you have it documented.

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        #4
        Thanks Ash and Artful, yes the tenant has already paid the 1st month at the new rate, As you suggest Ash, I will write back to them confirming the new rate.

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