Rent Increase Letter Uk. A rent increase letter is a formal notification of an increase in rent for a current tenant. Before doing it, you have to send a rent increase letter template to the tenant and give them a proper reason and explanation.
What is a typical rent increase? Therefore, read on to know what it takes to write a rent increase notice and how best to serve it. Before you ask for more rent, the first step is to make sure that you are allowed to raise the rent:
When raising rent, make sure the amount is competitive yet reasonable compared to similar rentals in your local market.
The rent increase must be fair and realistic, which means in line with average local rents how your landlord must propose a rent increase if the tenancy agreement lays down a procedure for. We offer you a 15+ free rent increase letter template word so that you don’t have to write one yourself. A lot will depend on the type of tenancy that is being used for the property, so check what the different types of tenancy are and the obligations to both landlord and tenant here. If your tenants think the rent increase is unfair, they can.