Your current obligations:
- protect all deposits in a Government-approved scheme within 30 days
- provide the tenant with prescribed information about the deposit
- follow the Tenant Fees Act 2019 - no additional or hidden fees
Rent increases:
At present you may increase rent:
- at the end of a fixed term by agreement, or
- during a periodic tenancy using a valid Section 13 notice
The upcoming legislation proposes that rent can only be raised:
- once per year, with two months’ notice, and
- subject to challenge at a tribunal if deemed excessive
- it will also ban “rent bidding”, where tenants are asked to offer above the advertised price
Good practice:
Keep rent levels reasonable, transparent, and supported by evidence of local market rates.
