Looking for advice please!
We are currently renting and haven't had a
Rent increase in five years, despite our agreement stating the LL can increase each year by 3%.
We know the LL's mortgage is due at the end of this year and we suspect the interest rate increase for his BTL will result in a rental increase for us.
What we are unsure of is whether the LL can increase by whatever figure he wishes?
The tenancy is AST but there is a break clause date, which recently came and went.
Does the break clause mean the LL can increase our rent by ££££s or will he have to follow the tenancy which states capped at 3%
We aren't sure if a break clause effectively resets things.
Many thanks