How often do you increase rent to lodger?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    How often do you increase rent to lodger?

    I am renting the room for £ 120 pw including all bills.
    He has been renting it since May 2006 for £ 110 and this January i increased it to £ 120 what i believe is more than fair price.
    However,recent increases in gas and electricity and other bills will force me to increase it again.
    I would like to know shall i wait again till January to do so,or can i do it before.

    Thanks for answer.

    ps.when i comes to percentages to rent what is the best way do it?

    #2
    It would be reasonable to give your tenant three month's notice of any price increase.
    'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

    Comment


      #3
      Originally posted by alenuk View Post
      ps.when i comes to percentages to rent what is the best way do it?
      ? Give us a clue.
      'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

      Comment


        #4
        Originally posted by alenuk View Post
        I am renting the room for £ 120 pw including all bills.
        He has been renting it since May 2006 for £ 110 and this January i increased it to £ 120 what i believe is more than fair price.
        However,recent increases in gas and electricity and other bills will force me to increase it again.
        I would like to know shall i wait again till January to do so,or can i do it before.

        Thanks for answer.

        ps.when i comes to percentages to rent what is the best way do it?
        1. Did you (as L) issue a rent book? By s.4 of LTA 1985, failure to do so on a rent-paid-weekly tenancy is a CRIMINAL offence.
        2. Is this an AST?
        3. In January, did you:
        a. issue a new AST at the increased rent; or
        b. issue a s.13 Notice to effect the increase?
        JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
        1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
        2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
        3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
        4. *- Contact info: click on my name (blue-highlight link).

        Comment


          #5
          I think we possibly have a resident landlord here? In which case you can do what you like.
          The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

          Comment


            #6
            Originally posted by Paul_f View Post
            I think we possibly have a resident landlord here? In which case you can do what you like.
            Maybe. I agree that s.4 does not apply if T pays rent that "includes a payment in respect of board [which] forms a substantial proportion of the whole rent"- s.4(2). However, a lodger is otherwise covered in the section's context; by s.4(3)(a), the word 'tenant' includes "a person having a contractual right to occupy the premises".
            JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
            1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
            2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
            3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
            4. *- Contact info: click on my name (blue-highlight link).

            Comment

            Latest Activity

            Collapse

            Working...
            X