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, fluctuating interest rates, newly introduced legal legislations that come with a price tag (e.g. tenancy deposit scheme) or personal greed.

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, therefore not needing to serve a rent increase form.

Before trying to increase rent in the middle of an existing agreement it’s best to check the current agreement to see if the landlord is entitled to do so – there must be a clause which stipulates that the landlord is entitled to assess the rent amount during a fixed term agreement. There are such clauses that can forbid a landlord from increasing their rent, until the current contract expires. You need to watch out for this clause when creating your tenancy agreement as it could end up hurting you at times like these.

Think before increasing rent

Increasing rent can cause a lot of problems between 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 Assessment 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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Talk / 3 Comments

LadyA wrote this on 2008-05-19 06:40:56 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 this on 2008-05-19 06:42:33 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 Landlord wrote this on 2008-05-22 19:48:42 Why, have you got involved with your landlord, or are you considering it? hah

You sound like my type of girl. 3