My DS & his partner currently rent a one bedroom flat. They’ve rented for nearly 3 years with no issues til now. Firstly on a 1 year tenancy contract then on a 2 year. They are saving to buy but realistically need another year in rented.
The management company that oversee the flat/rent/inspections etc have contacted them with a shocking 27% increase in their rent from May.
My DS asked if they could negotiate and there was some back/forth and the management company, who were very annoyed at having to do this but agreed on 21% increase, however they are being put on a rolling contract.
The company say that’s how all contracts are now ….my DS is concerned with lack of security on rolling and is worried that they are going to advertise the flat at the higher price they originally wanted and ask them to vacate if they get interest. Can the company actually advertise the flat at a higher rental and do this?