Renters

[Learntodanceintherain]

I wasn’t sure where was best to post this.

If you rent a property how often has the landlord increased the rent and by how much?

You rental contract will (or should) stipulate the frequency and the rate of increase. Over the years I had a range of contracts from no more than 3% increase annually to one landlord increasing rent by 65% and serving notice when we told him to go F himself.

One landlord increased annually by about 6%. Another never increased at all in 3 years, another never increased in 18 months.

I had a tenant for 18 months and never increased the rent.

Rented this current house (private LL) since late 2017, with yearly contract renewal:
• increase of 4% after a couple of years
• then an increase upon that second new amount of 11.5% about 2-3 years ago

Dreading the next increase, though we know we are currently paying much less than the current area prices.

I bought my home 9 years ago, but prior to that I rented for almost 20 years. Many years my rent stayed the same, but when it did increase, I think the most my rent went up by was about 6%, but that was at a time when rents were a fraction of what they are now, so I'm talking about £400 going up to £425.

My friend still rents and hers went up from £1400 to £1600 which is a 14% increase (and he originally wanted to put it up to £1700, so that increase was after negotiation!)

It's absolutely punishing these days.

We've been in our current house 8 years.

We started off paying £575 a month and two years ago, they bumped it up to £650.

I imagine we will have another increase soon.

I am the LL the tenant has been with us a long time 10+ years I have kept rent the same for the last 5 and but had increase this year. Just for context if they left I could market it for £150 more than they will paying with new rent.
I am feeling guilty about having to increase it was but actually costing me money as apposed to making additional income.

From my perspective as a landlord, I keep rent as low as possible so long as it covers my costs. My last tenant was pretty good, looked after property well and was on time with payments. I increased rent by about £50 in 7 years they've lived there up until I sold my property. I could make double the money if I advertised it but that was not my aim. My aim was to pay off my mortgage and have property ready for sale in a good condition.
Our a-hole landlord rented to students, got his 65% rent increase from them but I'd very much love to see what the house is looking like now. Nothing resembling a family home, I'd imagine. Not to mention that my partner is a builder and we did a lot of routine maintenance ourselves while living there.

Landlady.
25% this year, London.
State of this country.

I've been in my home 5 years now, started at 699pcm now it's 810pcm. No increase in the first 2 yrs I think it was, our landlord could easily get 1k pcm so we obviously haven't been fussed by the increase and understand that it's either pay it, or the landlord could end up needing to sell up and we'd struggle to find anywhere below 1k anyway. We've had no notice of increase for this year so tbh I believe our landlord really does only put the rent up when costs aren't being met and not because she's a greedy landlord.
I wouldn't over think it or feel guilty, it's clear you've held out as long as possible before needing to raise it and I'm sure the tenants know you could probably get more if you marketed it again.

Varies a lot. 4% after two years in one place because it was a new contract. Not at all in nine years in another because he knew we were decent tenants and wasn't out to get max rent. But it went up a lot after we left because London rents went mad. Another place not at all for several years. But very lazy landlord who did no maintenance!

I think I've been lucky and also these periods were not in recent high inflation times for the most part.

I wasn't sure where was best to post this

Not the Property forum, @Learntodanceintherain ?

https://www.mumsnet.com/talk/property

Thanks requested it’s moved didn’t see this forum when I looked

I don't want to tempt fate but I have been here 10 years and he hasn't put it up in that time. It was originally I would say over the price of comparable places and is now under. They had had a couple of unreliable paying tenants in the past and think they are just happy to have people who pay on time and only contact them in an emergency.
Prior to that - we were somewhere else for 5 years - that didn't rise either but the landlord was slow to fix any issues and was in trouble for harassing an ex so we moved.

I rented a flat for 8 years. Landlord didn't increase my rent at all in that time. He was also brilliant at fixing any problems.

I left when I bought my house and when the flat was readvertised the rent was increased by 15%

What percentage increase is that?

I rent out a property. Not put the rent up for 10 years (like you, just need it to pay the bills), the tenant is fantastic and that's a worth a huge amount. I've just informed my tenant that it's going up by 8% to cover my costs but it's still WAY below market value.

From landlord groups I am in I think the 'usual' is 10% per annum.

I am going to put mine up more regularly from now but at modest increases (maybe £25 per year for the next few years) because if I suddenly had to increase it by a big chunk, that would be a real shock to my tenant.