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[ExpertInAField]

In that case then, if the initial rent was £510, then the increase would match RPI. Though I do also think that's because RPI right now is the highest its been for 10 years....

[ExpertInAField]

If the rent was less than £950 per month, then a £50 increase would be more than RPI over the past 2 years....

[ExpertInAField]

The main thing you may need to consider is that you cannot charge that amount for late rent anyway.

You can charge 3% over the BOE base rate after the payment is 14 days late. So currently 3.1%. If you send a letter quoting above that, you may be in breach of the Tenant Fees Act....

[ExpertInAField]

Certainly recently, increasing rents to the market rate sounds like a great idea, you are getting an extra 20% for no extra work. Except that people's salaries have not gone up 20%. So the tenants won't be happy about it.

If you increase the rent to the market rate, where is the incentive...

[ExpertInAField]

There is of course an entirely more likely scenario.

Melbourne commercial rents were/are astronomical and following a period of lower income, many shops could not viably continue, nor wished to....

[ExpertInAField]

Might not be satisfied as they are disputing it. No point in paying for a debt that you don't agree you owe until resolved fully one way or another.

I had a CCJ a few years back. I moved house and it related to my old car. I was scrapping it and the Car tax lapsed. I didn't renew as I...

[ExpertInAField]

The first thing you should check is what you are allowed to do.

Was planning permission granted for this conversion? If so, are there any restrictions on who can live there. It may be that it was granted on the expectation that only family members may live there.

There is...

[ExpertInAField]

Section 21 is a weird one for me. It was used as an insurance policy several years ago and it would not be uncommon to receive a Section 21 along with your tenancy agreement. It does not feel good constantly living under the assumption that the landlord wants you out. Or Receiving a Section 21 notice...