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Closing on my first house?!? |
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Can i be denied on an apartment because of my income? |
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How much would I be able to rent a decent flat for when I'm 16 in Sheffield? |
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report me please | Can my landlord increase my rent by as much as 25%? |
The rent will then be well out of our price range. I was under the impression it cannot be increased by more than 10% per year |
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Philip H ©
 |
Basically his morgate payments have increased due to the credit crunch and he wants you to cover the cost, If your UK there is a massive glut of rental properties at the moment so its defiantly a renters market, shop around and move on. In the current climate anyone trying to raise rents is trying it on, your in the driving seat and its not up to you to cover their increasing costs. I suggest move on and leave the problem with him. |
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Bethany H
|
How much can it be increased by?
There is a limit to the amount that some rents can be increased by. This depends on the type of tenancy you have. Most private tenants have assured shorthold tenancies, but check here if you are unsure. Sometimes tenancy agreements contain information about rent increases, itemising when the rent will be increased and by how much.
Assured shorthold tenants
If you are an assured shorthold tenant your landlord will be charging you a 'market rent'. Market rents are affected by the availability and cost of other similar accommodation in the area, but, in reality, if your landlord wants to increase your rent, you don't have very much power to stop them.
If you think your rent increase is too high, as an assured shorthold tenant you have the right to apply to the Rent Assessment Committee (RAC) during the fixed term of your tenancy. However, since assured shorthold tenants don't have very strong rights, your landlord may prefer to evict you rather than reduce the amount of rent they want to charge.
Assured tenants
Assured tenants pay 'market rents'. Market rents are affected by the availability and cost of other similar accommodation in the area. Assured tenancies provide a high level of security and your landlord has to follow certain procedures for increasing your rent (see the next section).
Regulated (or protected) tenants
If your tenancy started before 15 January 1989 you may have a 'regulated' or 'protected' tenancy. Regulated or protected tenants have a high level of security and are entitled to 'fair rents'. A fair rent is an amount of rent that a rent officer or Rent Assessment Committee sets as the maximum that your landlord can charge.
Fair rents can normally be increased once every two years. They can usually only be increased by a certain amount that is calculated using a formula. If your landlord has made substantial improvements to your home, the rent increase may be higher |
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UNITool
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They can raise it as much as they want to from one lease period to the next. |
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estielmo
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Unless there is rent control in your city they can raise it every month if you are month-to-month. |
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alta
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Your landlord can raise your rent to whatever he thinks he can get away with. The usual amount is in line with inflation.
Take a look at other rentals in the area, and compare the rent. I would start looking around for a new property, it also might be that your rent has not risen with inflation so he is trying to "catch-up" |
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reenzz
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The only state that has rent restrictions is California. So unless you live there (or in a rent controlled city), the landlord can raise rent as much as he wants at the expiration of your lease term. |
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frak1a12345
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There is no limit to rent increases other than market forces(if the rent is too high the unit sits empty). The only exception might occur if you are in a rent control city. |
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Hi I'm Karma? U heard I'
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Check your state rights. It can only be increased in pursuiant to your states law. If your apartment falls under the median for what other apartment rental in your area are being rented out for then the landlord may be able to increase as much as 25% |
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Euro Ninja
 |
ask your local council. They usually have the power to force landlords to obey the law. |
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