Notice Of Rent Increase Form

They say the average person thinks about sex every 3 seconds. The average landlord thinks about increasing rent every 2 seconds.

There’s going to be a time when every established landlord has to increase rent. Why? Inflation (or personal greed). Hey, i’m not judging, I’m just saying. But assuming I’m talking to a bunch of noble creatures, I’m going to go with the inflation incentive. The cost of living never decreases, you can bet your bottom dollar on that. Interest rate increases and newly introduced schemes like the tenancy deposit scheme, they’re all unexpected additional costs that a landlord needs to account for, and may need to cover in the middle of an existing tenancy agreement.

What is a rent increase form?

A rent increase form is specifically for landlords wanting to increase rent half way through an existing agreement. If a Landlord wants to increase rent when a tenancy agreement is coming to an end then the new amount can be specified in the new shorthold tenancy agreement.

Unfortunately a landlord can’t just randomly increase rent without giving the tenant writen warning. That’s a shame, right? There is an actual procedure that needs to be followed.

Before trying to increase rent in the middle of an existing agreement it’s best to check the current contract to see if the landlord is entitled to do so. There maybe a clause which stipulates that the landlord is forbidden to increase rent until the contract expires. If there is no agreement on the issue then the landlord is fully entitled to increase rates.

Increasing rent can cause a lot of problems between the Tenant and Landlord, so be careful before you start hammering down the door looking for additional funds. More on that in this article Increasing The Rent.

Download

Here’s a copy of a Rent Increase Form for you to DOWNLOAD and use:
Notice Of Rent Increase Form

Please also note that if the tenant does not believe that the rent increase is fair, he/she can refer it to the Rent Committee. If the Tenancy Agreement already provides a term for a rent increase, then this form is not required.

Read sections 13 to 17 in the form to understand how much notice you must provide your tenant before the increase can take affect.

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3 Comments

LadyA wrote, on May 19th, 2008

	Haha, I knew it. I guess we’ve got two key messages here. 1)LandLords: Assure there’s no clause in the contract stating you can’t increase rent at any random point *without valid reason ofcourse* 2) And all tenants MAKE SURE THAT CLAUSE EXISTS for personal peace of mind, or atleast have your future LL elaborate on how much they may increase your rent, which you should probably also get in writing I’d believe. Thanks for the info amateur PIP.
1

LadyA wrote, on May 19th, 2008

	btw, love the image at the top LOL, you should do an article on landlords or even tenants getting involved with each other, and the pros or cons of it.
2

The Property Amateur wrote, on May 22nd, 2008

	Why, have you got involved with your landlord, or are you considering it? hah You sound like my type of girl.
3

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