what is considered a fair % increase in rent

jayb

Member

Join Date: Mar 2006

Posts: 6
#1

what is considered a fair % increase in rent

21-04-2007, 18:17 PM

I seem to have found good tenants for my two properties after a wobbly start! In my contract with the the tenants I have an annual rent review which I feel is better to implement each year rather than propose a larger increase after 2/3 years. Both tenants are pensioners, and I want to be fair but am unsure what would be considered a fair % increase in the rental market! Can any one advise me please? jayb
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Poppy35

Senior Member

Join Date: Oct 2006

Posts: 1457
#2

21-04-2007, 19:42 PM

around about 4% is the norm imho.
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jayb

Member

Join Date: Mar 2006

Posts: 6
#3

21-04-2007, 19:54 PM

Originally posted by Poppy35 View Post

around about 4% is the norm imho.

Many thanks Poppy 35. regards jayb
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what is considered a fair % increase in rent

what is considered a fair % increase in rent

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