Rent reviews

[Ish]

The property we occupy has just been sold, our previous landlord did not raise the rent although there was 5 yearly rent reviews. We have been in the property for 16 years and are suspicious that the new landlord might try increase the rent drastically. What can he do? Can he use the fact that there has not been any rent increases in the past 16 years and increase the rent by a big amount.

 

[FWL]

It will depend on the small print in the tenancy agreement - I presume you have one?

If annual reviews are limited to inflation rises then I dont think they can break this. However, if it is open they can increase the rent to whatever level they wish. I think that is correct?

 

[diyhelp]

It all comes down to the small print in the tenancy agreement. Any landlord worth their salt would have some kind of get out clause where they can review rent and increase to whatever level they want.