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Original poster

Rent increase: would you move or would you stay?

17 replies

Retsima · 27/03/2024 06:25

Have been renting this flat for three years. It’s in a convenient location, although having changed jobs my commute has gone up to 40 minutes each way.

We have painted the flat, bought furniture, and essentially kit it out nicely. We also own the fridge and all other white goods. It’s now a lot nicer than when we moved in.

When we moved in the rent was £1,500. The landlord now wants £2,000.

We can easily afford it, but it eats away from any salary increase we have earned. So it feels like we have got better jobs to improve our quality of life and to save for the future but because of rent increases our prosperity has stagnated.

We’ve seen a similar style flat in a less nice area for £1,550. It would need painting inside (landlord happy). Same commute distance.

Would you stay or would you move?

OP posts:
unbelievablescenes · 27/03/2024 06:26

For £450 a month I'd move

heldinadream · 27/03/2024 06:29

Move. Extra money nice. Won't take long to paint it. But are you sure you can't find something nearer work as well as cheaper?

Spencer0220 · 27/03/2024 06:31

I'm going to play devils advocate. With the rental market as it is, I wouldn't move.

Not if your landlord is a good one.

OhamIreally · 27/03/2024 06:37

How much will it cost you to move? What guarantee do you have that the rent on the new place won't go up?

You say the new flat is in a less nice area - how much will that impact your quality of life?

Is there a negotiation to be had with your existing landlord? Would they accept £1800 to keep a good tenant? They are increasing the rent by 33% that's a whopping increase.

Lampzade · 27/03/2024 06:38

OhamIreally · 27/03/2024 06:37

How much will it cost you to move? What guarantee do you have that the rent on the new place won't go up?

You say the new flat is in a less nice area - how much will that impact your quality of life?

Is there a negotiation to be had with your existing landlord? Would they accept £1800 to keep a good tenant? They are increasing the rent by 33% that's a whopping increase.

This

mondaytosunday · 27/03/2024 07:06

Isn't it written in your lease the max rent can go up? It is in mine (I'm the landlord). Be sure to check.

rainingsnoring · 27/03/2024 07:25

That's a 33% increase in rent which is ridiculous unless you have been paying well below the market rate. Are you paying below market rate currently? If not, negotiate with him/her with evidence. Perhaps they will reduce to something reasonable. If not, move and you should make up the difference of the moving costs in a few months.

Autienotnaughtie · 27/03/2024 07:34

Is it that 2k is reasonable but you don't want to pay? In that case I'd move.

If he is taking the pss I'd show him similar rentals and see if he is willing to negotiate

spottydinosaur · 27/03/2024 07:38

I'd be tempted to move but what would be stopping the landlord of the new place increasing rent...

populgum · 27/03/2024 07:49

I suppose it depends on your long term plans, have you planned to buy? If it were me I would try to move nearer to the office and get something cheaper and a 5 year plan to buy my own place. If you can't get closer, I'd at least get cheaper, what good is £2000 rent if you still have a sizeable commute.

Startingagainandagain · 27/03/2024 07:51

That's a ridiculous increase...

I would first try to negotiate a more reasonable amounop]
t but if refused I might still make sense to stay put because you don't want to end up living in a less desirable area with a new landlord who might not be great at doing repairs and maintenance if something goes wrong. Moving is a real pain and expensive too.

Basically if you are happy where you are stay a bit longer.

Towerofsong · 27/03/2024 08:00

Spencer0220 · 27/03/2024 06:31

I'm going to play devils advocate. With the rental market as it is, I wouldn't move.

Not if your landlord is a good one.

It's not a good landlord if he's out the rent up by 33% just after they've got settled and made the place nice.

OP, depending on the impact the 'not so nice' area would have on your life, I'd move. £500 a mth is a lot of money you could be saving towards your future or nice things.

That's if the not nice area is something you can leave behind you when you shut your front door. If the outside area will intrude, eg if you won't feel safe, will have antisocial neighbours, have a high chance of having your car tampered with etc etc then that's different.

PuttingDownRoots · 27/03/2024 08:04

What do rents similar to your flat in your current area look like?

Calmdown14 · 27/03/2024 08:17

Is there anywhere that is in a similar price bracket (even with the increase) but reduces your commute?

Paying extra but gaining an hour a day and reducing travel costs has benefits.

How long term do you expect this to be?

Chewbecca · 27/03/2024 08:53

Are you also saving up to buy? Could you put all the difference into that saving and therefore reduce the time spent renting? Definitely worth it. I would haggle first though to remove the hassle if possible.

NoveltyFunsy · 27/03/2024 09:02

Spencer0220 · 27/03/2024 06:31

I'm going to play devils advocate. With the rental market as it is, I wouldn't move.

Not if your landlord is a good one.

not a good one if he's putting the rent up by a third (1500 to 2000)

JoyousPinkPeer · 21/07/2024 13:01

mondaytosunday · 27/03/2024 07:06

Isn't it written in your lease the max rent can go up? It is in mine (I'm the landlord). Be sure to check.

They will just give notice to quit if increase not accepted by tenant.

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