Hello all me and dp moved into our 1 bedroom flat in 2018 and we pay £425 a month we are very lucky in that our landlord has never increased the rent I am completely aware of that. Its extremely dated and shabby and no heating there was just a old dated electric fire in the living room which we got rid off as it was awful we just bought our own electric heaters for summer months.
Landlord has hardly spent much on it during our time here he bought it at auction and it more or less stands the same he didn't refurbish it update etc for prospective tenants.
He is now saying he needs to look at raising the rent as his accountant has advised him he should.
They are saying market value is about £675 but I told him that's too much too soon and the place needs updating.
I would rather keep the rent low and not update as we are under alot of pressure financially at the moment.
Please can anybody advise on a fair increase and how I can negotiate with him.